Sebi mulls stock payment system bypassing brokers - Economic Times

At present, such a system exists in the 'primary' or IPO market. Sebi is exploring bringing the 'fund-blocking mechanism' to the secondary stock market. Known as ASBA or Application Supported by Blocked Amount, this method is mandatory for investing in initia…

Mumbai: The Securities and Exchange Board of India (Sebi) is considering an ambitious plan to alter the payment mechanism in stock market trades. The markets regulator is discussing with market infra… [+4334 chars]

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