Clearing Member Clearing members are the members of the Clearing houses those who clears and settles deals via Clearing houses or Clearing corporation. In also addition, a CM (Clearing Member) may clear and settle all deals either on their account or on behalf of their client's subjects to the term and conditions prescribed by the Clearing houses. Whereas, in the case of Capital Market, all members of the stock exchanges need to become the clearing members of the clearing-houses. Clearing … [Read more...]
Market Update 01/07/2020
Sensex: Rs. 35414.45 (498.65) Nifty 50: Rs. 10430.05 (127.95) Gold: Rs. 48183.00 (-579.00) USD/INR: Rs. 75.60 (0.08) … [Read more...]
Market Update 30/06/2020
Sensex: Rs. 34915.80 (-45.72) Nifty 50: Rs. 10302.10 (-10.30) Gold: Rs. 48415.00 (171.00) USD/INR: Rs. 75.50 (-0.08) … [Read more...]
Public sector lenders have at least ₹ 7.9 trillion loans under moratorium
Five largest state-run banks in India (State Bank of India, Bank of Baroda, Punjab National bank, Bank of India and Canara Bank) have a minimum of ₹ 7.9 trillion of loans under the moratorium, along with loans that were stressed even before the pandemic of COVID-19 outbreak that hit cashflows and compensation capabilities. That accounts for about 20% of local advances. Whereas the moratorium amount for SBI at ₹ 5.63 trillion is the accumulated loans the place repayments have been deferred. In … [Read more...]
Market Update 29/06/2020
Sensex: Rs. 34961.52 (-209.75) Nifty 50: Rs. 10312.40 (-70.60) Gold: Rs. 48240.00 (-65.00) USD/INR: Rs. 75.57 (-0.08) … [Read more...]