Speaking to the media after the SEBI meeting, Madhabi Puri Buch, the chairperson of the board, said that SEBI is working on prompt settlement of stock market.
Big news has come for the traders and brokers of the stock market. After the SEBI meeting on Monday, Chairperson Madhabi Puri Buch indicated a historic decision while talking to the media.
The SEBI chairperson said that the board is working on prompt settlement of stock market transactions. He said that the day is not far when stock market transactions will be settled immediately.
For this, we are talking to all the stakeholders and working on improving the settlement timeline of the transactions in the stock market.
SEBI Chairperson Madhabi Puri Buch said that with the help of technology, we are speeding up the process of issuing equity and debt and approval of mutual funds so that the target of capital formation can be met.
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SEBI Chairperson said that India's economic condition is very strong. The figures of GST collection are showing that the economy is doing well and along with this the figures of advance tax payment show that the performance of corporates is also doing well.