IPOs should adopt payment mechanisms like CBDC: Paytm's Sharma
Paytm CEO Vijay Shekhar Sharma has suggested that India's IPO process should move to payment mechanisms like Central Bank Digital Currency (CBDC). "Because then the settlements and the rules of settlement will allow the process to shrink to a near real-time level," he stated. India's equity markets currently operate on a T+1 settlement cycle.