Demonetisation, coupled with increased digital transactions and the reduced cash usage in the informal economy, led to a reduction in currency in circulation by ₹3.4 lakh crore, according to Finance Minister Nirmala Sitharaman. ‘Significantly lower’ Replying to a question in the Rajya Sabha, Ms. Sitharaman said that the level of currency in circulation as of […]

Investors could soon see a drop in trading costs if market participants pass on the benefits of interoperability that will kick in from next week. According to market participants, interoperability between clearing corporations that allows brokers to use any of the clearing corporations to settle their trades, would lower the compliance cost for market intermediaries, […]

What is the side pocketing rule? Simply put, side pocketing is a framework that allows mutual funds to segregate the bad assets in a separate portfolio within their debt schemes. The Securities and Exchange Board of India (SEBI) introduced the framework in December — primarily triggered by the IL&FS fiasco — after it emerged that […]