NSE posts Rs 240 cr loss on transfer to SGF

NSE posts Rs 240 cr loss on transfer to SGF

FPJ BureauUpdated: Friday, May 31, 2019, 03:26 PM IST
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New Delhi: Leading bourse, National Stock Exchange (NSE) has posted a net loss of Rs 240 crore for the quarter ended March 31, mainly on account of transfer of Rs 694 crore towards core Settlement Guarantee Fund (SGF). In comparison, the exchange had reported a net profit of Rs 120.51 crore during same period of the last fiscal. However, the bourse’s total income increased to Rs 410.80 crore.      As per Sebi norms, clearing corporation will have a fund called Core SGF for each segment of every stock exchange to guarantee the settlement of trades executed in respective segment of the bourse.

The exchange will have to contribute at least 25% of the minimum required corpus of core SGF.

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