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Which bank will be empanelled by NSE as Settlement Bank for National Securities Clearing Corporation?
  • a)
    Canara Bank
  • b)
    Yes Bank
  • c)
    Kotak Mahindra Bank
  • d)
    ICICI Bank
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Which bank will be empanelled by NSE as Settlement Bank for National S...
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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Which bank will be empanelled by NSE as Settlement Bank for National Securities Clearing Corporation?a)Canara Bankb)Yes Bankc)Kotak Mahindra Bankd)ICICI BankCorrect answer is option 'B'. Can you explain this answer?
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