Lot of 'onion peeling' for attaining global first, says SEBI chairperson Madhabi Puri on T 0 settlements

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FY24 Review | Bajaj Auto, NTPC, among top 10 Nifty 50 performers, deliver hefty 80-140% returns in last 12 months On Thursday, the BSE and NSE debuted the beta version of T 0, a same-day trade settlement system for select stocks. This optional service allows investors to engage in transactions for 25 securities with settlement occurring on the same day. "When India became the first large market in the world to move to T 1 settlement, and just two days ago when we went live with an optional T 0 settlement, the process felt pretty much the same--lots of onion peeling happened to make for a global first," Buch said.

Buch stands out as the inaugural woman to lead the Securities and Exchange Board of India (SEBI), the capital markets regulator. She emphasized her steadfast commitment to doing what's morally sound, regardless of difficulty, and spared no effort in her endeavors, no matter the challenge. "I believe that at a conscious and a subconscious level, my mantra has been very very simple.

Do the right thing, no matter how hard. Leave no stone unturned, no matter how hard. The wonderful thing about this mantra is that eight times out of ten you actually succeed.

And the two times that you don't, you have absolutely no regret," she added. Buch elaborated that graduates will eventually unearth their personal guiding principle for moving ahead, serving as their natural "default setting" for effortless operation. "Until you uncover this mantra, it's akin to possessing a quiver of arrows, some sharp, some dull." And as you aim for the goals that you choose, you may find that your sharp arrows were perfectly well, wonderful, or that you need to sharpen some of your arrows," the SEBI chief said.