<h2 class="ql-align-justify">RBI Revises Banks’ Capital Market Exposure Norms For T+1 Settlement</h2> Context: The Reserve Bank of India (RBI) revised the guidelines for custodian banks to issue Irrevocable Payment Commitments (IPCs) in light of the T+1 settlement regime for stocks.&nbsp; About&nbsp;<ul><li class="ql-align-justify">Trade Settlement refers to the transfer of securities and funds between buyers and sellers after a trade is executed.&nbsp;</li><li class="ql-align-justify">A trade settlement is said to be complete once purchased securities of a listed company are delivered to the buyer, and the seller gets the money.</li><li class="ql-align-justify">Trade Settlement Period refers to the interval of time between the trade date on which an order is executed in the market and the settlement date on which a trade is deemed final.</li></ul><img src="https://sunyaias-resources.s3.ap-south-1.amazonaws.com/content/ee1ad780-37cb-11ef-aa45-776be579c942.png">