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of <h1>SEBI Circular: Dematerialized Trading for State Bank Subsidiaries Post-Amendment; Connectivity Required in 3 Months.</h1> The circular from SEBI addresses the trading and settlement of certain scrips in dematerialized form. Following an amendment to the State Bank of India (Subsidiary Banks) Act, restrictions on shareholding in three banks-State Bank of Bikaner and Jaipur, State Bank of Travancore, and State Bank of Mysore-have been lifted. Consequently, these scrips will now be traded and settled in dematerialized form. The banks are required to establish connectivity with depositories within three months. Stock exchanges and depositories must inform relevant parties and report implementation status to SEBI. The circular aims to protect investor interests and regulate the securities market.
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