Nithin Kamath Profile picture
Founder & CEO @Zerodhaonline @Rainmatterin
18 Oct
#Scam1992TheHarshadMehtaStory - a thread on everything that has changed since then in the world of Indian stockbroking. 1/8
Today the settlement cycle is 2 days & SEBI is hinting at a 1-day cycle soon (first few countries in the world). Back then, it was 14 days (the time within which you have to pay full money and take delivery of stocks or deliver stocks if sold). 2/8
Today, a customer can’t buy stocks without the minimum money in the account or sell without stocks in Demat. This reduces the systemic risk from aggressive brokers who were compromising risk for business. There was no such rule back then. 3/8
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