BSE Chief Urges Policy Action for Further Expanding Capital Markets thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Rising outgo towards clearing and settlement fees has led to an altercation between the BSE and the National Stock Exchange of India (NSE), with the latter striking down the former s request to lower the charges.
NSE said it has no plans to restructure the same and that it will continue with the pricing defined under the interoperability framework.
The interoperability framework, introduced in 2019, allows trades executed on any of the exchanges to be settled or cleared at either of the two clearing corporations NSE Clearing (NCL) or Indian Clearing Corporation (ICCL), fully-owned by the NSE and the BSE, respectively.
BSEs operational revenue for the quarter grew by 82% to Rs 372 crore. The operating EBITDA surged to Rs 92 crore from Rs 39 crore a year ago, while the EBITDA margin expanded sharply by 600 basis points to 25%.
India's Top CEOs & Industry Captains Honoured at Corporate Leadership Awards-2024 aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.