Nse vs bse: The country’s largest stock exchange NSE has accused Asia’s oldest stock exchange BSE that it is not dues. The National Stock Exchange (NSE) says that its clearing corporation unit NSE Clearing Limited (NCL )’s total liquid assets fell down and also came down under the important level which is necessary to maintain according to the rules. The NSE says its liquid assets came below the minimum level because the Bombay Stock Exchange (BSE) has not paid it to Rs 312.37 crore. This information has been given by NSE with the result of the December quarter.
Why is it necessary to maintain a minimum level?
It is important to maintain the minimum level of liquid assets because clearing and setting all transactions is of clearing corporation. Apart from this, whatever trade execution is being done on the exchange platform, provides counter-party guarantee for all. This minimum limit has been set by market regulator SEBI. The NSE revealed with a quarterly result that NSE Clearing had told SEBI only on 9 January 2025 that it had ₹ 176.65 crore less than the minimum liquid assets and is because BSE has not paid a dues of ₹ 312.37 crore. . Now it will be compensated by March 2025 through internal gathering or recovery of receiveables. Apart from this, NSE Clearing did not include the earned interest of ₹ 424.35 crore till 31 December 2024 while calculating this deficit.
How big is NSE?
NSE is the largest stock exchange in the country with a 94 per cent stake in the cash market. It holds a 99.9 per cent stake in equity fukeers and according to the December quarter data, 87.5 per cent stake in equity options. Cash and equity futures rose over 30 per cent in the December quarter. It occupies 93 markets in currency futures. Talking in the global market, the NSE is the largest derivative exchange in the world according to the number of contracts and second according to the number of trades. Last year, in 2024, NSE has the highest number of IPOs in Asia and raised the most equity capital worldwide. Talking about the result, in April-December 2024, NSE gave ₹ 37,271 crore to the government as STT. Apart from this, it gave the government income tax of ₹ 3,639 crore and GST and stamp duty of ₹ 2,976 crore.
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