NSE Clearing fails to meet liquidity norms; reports Rs 176.65 cr shortfall

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NSE Clearing Ltd, the clearing house of the National Stock Exchange (NSE), has failed to meet the capital markets regulator Sebi's mandated liquidity requirements, citing the non-payment of dues by rival BSE as the primary reason for the shortfall.

In its December 2024 quarterly results, NSE Clearing, the exchange's unit responsible for clearing and settling its trades, reported a shortfall of Rs 176.65 crore in its minimum liquid assets.

An NSE Clearing spokesperson said its auditors flagged the outstanding payment issue in their third-quarter financial review.

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Category: BusinessFinance

Markets: India

Topics: Shortfall Brokerage Services Private equity Sebi Corporate Banks BSE NSE Clearing Initial public offering Equity capital markets Finance advisory Advisors Securities and Exchange Board of India Dharmesh Anil Mehta DAM Capital NSE Stock market NUVAMA WEALTH MANAGEMENT Qualified institutional placement Investment banking RBL Bank Book-running lead manager Financial markets Merchant banker for the issue Investment bank Financial solutions DAM CAPITAL ADVISORS

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 14:45:06 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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Copyright Owner: © Business Standard

News ID: 25906772

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