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Clearing Bank

NSE CLEARING offers settlement of funds through 15 clearing banks namely Axis Bank Ltd., Bank of India, Canara Bank, Citibank N.A, HDFC Bank, Hongkong & Shanghai Banking Corporation Ltd., ICICI Bank, IDBI Bank, IndusInd Bank,JPMorgan Chase Bank, Kotak Mahindra Bank, Standard Chartered Bank, State Bank of India and Union Bank of India.

Members may open their clearing accounts with any of the empanelled clearing banks for the purpose of settlement of Exchange transactions.

The clearing banks are required to provide the following minimum services as a single window to all clearing members of National Clearing Limited formerly known as National Securities Clearing Corporation Ltd. as also to the Clearing Corporation:

  • Branch network in cities that cover bulk of the trading cum clearing members
  • High level automation including electronic funds transfer (ETF) facilities
  • Facilities like (a) dedicated branch facilities (b) software to interface with the Clearing Corporation (c) access to accounts information on a real time basis (d) back-up procedures and fall back mechanism in case of failure of the bank system
  • Value-added services to members such as free-of-cost funds transfer across centres etc.
  • Providing working capital funds
  • Stock lending facilities
  • Services as Professional Clearing Members
  • Services as Depository Participants
  • Other Capital Market related facilities
  • All other banking facilities like issuing bank guarantees / credit facilities etc.

Multiple clearing banks provide advantages of competitive forces, facilitate introduction of new products viz. working capital funding, anywhere banking facilities, the option to members to settle funds through a bank, which provides the maximum services suitable to the member.

Contact Details of Clearing Banks

Axis Bank Ltd.

Address

Capital Market Division, Jeevan Prakash Building
Sir P.M. Road
Mumbai - 400001

Contact Person & Numbers

Mr. Ketan Dani

Mr. Ketan Dani
Asst. Vice President
Telephone
66107269/70
Mobile
9869574813

Mr. Sajjan Goyal

Mr. Sajjan Goyal
Manager
Telephone
66107273/7255
Mobile
09867757077
Fax
66107284/85

Mr Kedarsing Thakur

Mr Kedarsing Thakur
Vice President (Buisness Head)
Telephone
022 - 40867250/ 7251
Mobile
09870379342
Fax
022 - 40867284/85

Mr. Dipesh Shroff

Mr. Dipesh Shroff
Asst Vice President
Telephone
022 40867264
Mobile
09820152262

Mr. Sunil Sharma

Mr. Sunil Sharma
Vice President
Telephone
66107250/51
Mobile
9869663870
Fax
66107284/85

Bank of India Ltd.

Address

Stock Exchange Branch, P.J.Towers
Dalal Street, Fort
Mumbai - 400001

Contact Person & Numbers

Mr. R. S. Nair

Mr. R. S. Nair
Dy. General Manager
Telephone
22722400, 22721787
Mobile
9820520744
Fax
22721782

Mr Dhapodkar

Mr Dhapodkar
Senior Manager
Telephone
22722396
Fax
22721784/22721788

Canara Bank Ltd.

Address

NSE Branch, Varma Chambers, 1st Floor
11 Homji Street, Fort
Mumbai - 400001

Contact Person & Numbers

Mr. Partha Sarathy

Mr. Partha Sarathy
Chief Manager
Telephone
22693157, 22675702, 22658291
Fax
22670033

Mr K.Y Mallya

Mr K.Y Mallya
Senior Manager
Telephone
22633006
Fax
22675650

Citibank N.A.

Address

Citigroup Global Services, Infinity Towers, 1st Floor, A Wing
Behind Toyota Showroom, Malad (W)
Mumbai - 400064

Contact Person & Numbers

Mr. Rajarshi Chakraborty

Mr. Rajarshi Chakraborty
Asst Vice President
Telephone
40015652
Mobile
9820753469

Mr. KVP Satish Chandra

Mr. KVP Satish Chandra
Asst Vice President
Telephone
40015192
Mobile
9820787010

Mr Ganesh Ramanathan

Mr Ganesh Ramanathan
Vice President
Telephone
40015640

The Hongkong & Shanghai Banking Corporation Ltd.

Address

52/60, M G Road
Fort
Mumbai - 400001

Contact Person & Numbers

Mr. Ritesh Jain

Mr. Ritesh Jain
Vice President, Head- PCM- Payment Operations
Telephone
67115841
Fax
66536004

Mr. Shaleen Mahar

Mr. Shaleen Mahar
Sr. Relationship Manager Non Bank Financial Institutions
Telephone
22681175, 24980000
Mobile
9820333047
Fax
22734388

ICICI Bank Ltd.

Address

Capital Market Division Raja Bahadur Mansion
30, Mumbai Samachar Marg, Fort
Mumbai - 400001

Contact Person & Numbers

Mr. Naveen Saini

Mr. Naveen Saini
Chief Manager
Telephone
22627717
Mobile
9930064143

Gopal Singh Rawat

Gopal Singh Rawat
Telephone
22627728
Mobile
9930065421

Mr. Harish Kotian

Mr. Harish Kotian
Chief Manager- Operations
Telephone
66672085
Mobile
9930061805
Fax
66672791

ICICI Bank Ltd.

Address

Capital Market Group 1st Floor, 122, Mistry Bhavan
Dinshaw Vachha Road, Backbay Reclamation, Churchgate
Mumbai - 400020

Contact Person & Numbers

Mr. Arunachalam K

Mr. Arunachalam K
Chief Manager- Operations
Telephone
040-41056032
Mobile
+919000082683

Ms. Jyotsna Mulla

Ms. Jyotsna Mulla
Senior Manager
Telephone
02222859927
Mobile
+919930062707
Fax
02222611138

Mr. Shyamsunder Agarwal

Mr. Shyamsunder Agarwal
Head - Capital Markets Group
Telephone
02266966328
Mobile
+919820571141
Fax
02222611138

HDFC Bank Ltd.

Address

2nd Floor, Trade World "A" Wing
Kamala Mills, Lower Parel (W)
Mumbai - 400013

Contact Person & Numbers

Mr. Mukesh Kumar Shah

Mr. Mukesh Kumar Shah
Dy Vice President- Capital Markets,Commodity Markets & Banks
Telephone
022-40804686
Mobile
9323169961
Fax
022-40804711

Mr. Shailesh Sukhthankar

Mr. Shailesh Sukhthankar
Head- Capital & Commodity Market Business
Telephone
24988484 Extn 3334
Mobile
9323651640
Fax
022-40804711

Mr. Chetan A. Shah

Mr. Chetan A. Shah
Business Head - Capital Market Business
Telephone
24988484 Extn 3538
Mobile
9322902935

Mr. Ashish Agarwal

Mr. Ashish Agarwal
Dy Vice President-Capital Market Business
Telephone
24988484 Extn 3565
Mobile
9323469162
Fax
022-40804711

IDBI Bank Ltd.

Address

Block no 82/83 Road no 7, Street no 15 MIDC
Andheri East
Mumbai - 400093

Contact Person & Numbers

Mr. Ajay Thakur / Sadik Ali

Mr. Ajay Thakur / Sadik Ali
Asst Manager
Telephone
66977910
Mobile
9967222102

N.R. Viswanadhan

N.R. Viswanadhan
Product head- Capital Market
Telephone
66552259
Mobile
9833651064

IndusInd Bank Ltd.

Address

Sonawalla Building 57
Mumbai Samachar Marg, Fort
Mumbai - 400001

Contact Person & Numbers

Mr. Pradeep Bhave

Mr. Pradeep Bhave
VP & Branch Head
Telephone
66347722

Mr. Yogesh Adke

Mr. Yogesh Adke
Asst. Vice President
Telephone
66366589
Fax
66366590

Kotak Mahindra Bank Ltd.

Address

Kotak Infiniti, 6th Floor, Building No. 21, Infinity Park, Off Western Express Highway
General AK Vaidya Marg, Malad (E)
Mumbai - 400097

Contact Person & Numbers

Mr. Sachin Samant

Mr. Sachin Samant
President
Telephone
61660307
Fax
No

Mr. Vickram Valecha

Mr. Vickram Valecha
Senior Vice President
Telephone
66056027
Fax
No

Standard Chartered Bank

Address

5th floor, Forbes Building
Charanjeet Rai Marg, Fort
Mumbai - 400001

Contact Person & Numbers

Mr. Ashish Kapoor

Mr. Ashish Kapoor
Associate Director-Transaction Banking - Financial Institution
Telephone
2206 2670
Mobile
9870224057

Mr. Bineet Desai

Mr. Bineet Desai
Associate Director-Financial Institution, India
Telephone
66372357/66314166
Mobile
9920554141

Union Bank of India

Address

Capital Market Cell, Mumbai Samachar Marg Branch,
66/80 Mumbai Samachar Marg, Fort
Mumbai - 400023

Contact Person & Numbers

Mr. R.S. Majithia

Mr. R.S. Majithia
Asst. General Manager
Telephone
22629303
Fax
22642742

Mr. Girishchandra Kashyap

Mr. Girishchandra Kashyap
Sr Manager
Telephone
22629335

State Bank Of India

Address

Mumbai Main Branch, 1st floor International Banking Division
Mumbai Samachar Marg
Mumbai - 400023

Contact Person & Numbers

Mr. Sathish Babu

Mr. Sathish Babu
Dy Manager
Mobile
9870498671

Mr. P.N. Raut

Mr. P.N. Raut
Dy. Manager
Telephone
22644411, 22644972
Mobile
9870498672

Ms. Supriya Kulkarni

Ms. Supriya Kulkarni
Manager
Telephone
22651363

Ms. Vidya Krishnan

Ms. Vidya Krishnan
Asst. General Manager
Mobile
9821078386