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

SEBI Chairperson Madhabi Puri Buch, likening the process to "peeling an onion," remarked that achieving the global first of T 0 settlement required considerable troubleshooting and personal discomforts..

Addressing the annual convocation of the Indian Institute of Management Ahmedabad (IIMA) on Saturday, Buch expressed her belief that the present generation of Indians is poised to witness the zenith of the new India..

But by the time you are done, peeling layer after layer after layer of the onion, you suddenly realise there is no problem left," she said while addressing students of IIMA as the chief guest of the 59th annual convocation..

"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, however, suggested students probe the nature of their mantra if they face a dilemma about the direction they are taking and whether their mantra is a match for the goals that they are aiming for. ..

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