Central Banking

Patil to head proposed SBI clearing corporation

R H Patil, former managing director of the Indian National Stock Exchange, is expected to take charge as the chairman of the proposed SBI Clearing Corporation for the money and foreign exchange market. The blueprint of the corporation was finalised in a recent meeting of the core group constituted by the Reserve Bank of India.

The clearing corporation will have a trade guarantee fund of Rs 1,000 crore for debt and $350 million for forex transaction. The corporation would, however, have a limit

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: