Axis Securities Gets NCDEX Membership

Axis Securities, a subsidiary of Axis Bank, has become the first-ever broking arm of a bank to take membership of a commodity exchange by registering itself with NCDEX.

In September, Reserve Bank of India allowed banks wishing to undertake commodities derivatives clearing to set up a separate subsidiary for the purpose and adhere to the membership norms laid by market regulator Securities Exchange Board of India.
News in-a-line:
Axis Securities- become the first-ever broking arm of a bank to take membership of a commodity exchange by registering itself with NCDEX.
Static/Current Takeaways Important for RBI Assistant Mains 2017 Exam-
  • NCDEX- National Commodity and Derivatives Exchange,
  • Samir Shah- Managing Director, NCDEX,
  • Arun Thukral- Managing Director, Axis Securities.
Source- The Hindu Business Line

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

[adda247_lead_form]

Leave a comment

Your email address will not be published. Required fields are marked *