FPIs, brokers, global banks ask FinMin for T+1 working group

In a last-ditch attempt, a team of leading foreign portfolio investors (FPIs), top brokers and MNC banks on Tuesday impressed upon revenue secretary Tarun Bajaj, an old finance ministry hand and former PMO official, the need to form a 'working group' to discuss afresh the contentious decision taken by the Securities & Exchange Board of India (Sebi) to shorten the stock market settlement cycle by a day.

via Economictimes

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