NSE withholds ₹78 crore payout over unauthorized trades
after close1 source ↓written by the desknot a recommendation
- 160 brokers
- Clearing accounts
- ₹72 crore
- Clearing Corporation holds
- ₹6 crore
In an unusual move, the NSE has withheld payouts of ₹78 crore following a police complaint regarding unauthorized equity derivative trades. This settlement freeze affects over 3,000 clients across 160 brokers. The NSE Clearing accounts for ₹72 crore, while the BSE's Indian Clearing Corporation holds ₹6 crore. This action aligns with the Market Infrastructure Institutions' protocols for police directives.
Not investment advice. For informational purposes only.