Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 1811)
1811.
Which bank will be empanelled by NSE as Settlement Bank for National Securities Clearing Corporation?
Answer: Option
Explanation:
Yes Bank has received approval from National Stock Exchange to be empanelled as Settlement Bank for National Securities Clearing Corporation (NSCC), a wholly owned subsidiary of NSE. NSCC is responsible for clearing and settlement of all trades executed on NSE. The Bank is already an empanelled Clearing Bank for BSE, NCDEX & MCX.
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