Earlier in December, Sebi had said that stock brokers who are designated as QSBs must put in place systems and processes for enabling seamless participation of investors in optional T+0 settlement cycle. Under the T+0 (T refers to the day of the trade and 0 is the day of settlement) settlement, which is currently optional for market participants, trades done in shares will be settled on the same day.
RBI relaxes rules on current, CC and OD accounts; threshold raised to ₹10 crore
The Reserve Bank of India has relaxed norms for business accounts. Customers can now open current, cash credit, and overdraft accounts more easily. The aggregate