The Insurance Regulatory and Development Authority of India (IRDAI) has introduced a new payment mechanism called Bima-ASBA ...

The Securities and Exchange Board of India (Sebi), the country’s primary regulator for securities markets, has long been committed to empowering investors. Since its inception in 1992, Sebi has ...

It was to facilitate the ASBA model for the secondary market for retail investors. Sebi chair Madhabi Puri Buch had first announced the new mechanism in September last year and the board approved ...

The regulator’s board also gave nod to set up a mechanism under which brokers can alert market abuse and fraud, a Sebi release said. ASBA (application supported by blocked amount) is an IPO ...

The mechanism is already available in the secondary markets on an optional basis. Incidentally, it is similar to the ASBA – Application Supported by Blocked Amount – mechanism that applicants ...

The regulator has already created several checks and balances to ensure the float is not misused and the ASBA mechanism, if implemented, will create another layer of safety for clients,” said a ...

Insurers have been asked to implement the new payment mechanism Bima-ASBA (Applications Supported by Blocked Amount) through Unified Payments Interface (UPI). ASBA facility or blocking of funds ...