FPIs seek six more months from FinMin to comply with PMLA tweaks

Foreign portfolio investors (FPIs) are likely to seek from the finance ministry a six-month extension of the date for complying with the amendments to the Prevention of Money-Laundering Act (PMLA),......

FPI concerns remain as shift to T+1 settlement cycle nears: Analysts

Overseas investors, as well as other key stakeholders, such as brokers, custodians, and clearing corporations, are yet to iron out critical issues, even as the shift towards a shorter trade......

After FPIs, domestic brokers' lobby voices concern over T+1 settlement

The move will increase working capital requirement for brokers, raise the work load on the system and will leave little room for contingencies. Close on the heels of the overseas investors group,......

Sebi introduced an optional T+1 settlement cycle for markets

A switch to the T+1 settlement cycle is expected to benefit domestic investors by increasing market liquidity and trading turnover while reducing settlement risk and broker defaults. The......