NSE states a loss of RS 240 crore in Q4 on transfer to Settlement Guarantee Fund


New Delhi. Leading bourse, National Stock Exchange (NSE) has stated a net loss of Rs 240 crore for the fourth quarter ended March 31, on account of transfer of Rs 694 crore towards core Settlement Guarantee Fund (SGF), whereas stock exchange stated a net profit of 120.51 crore during the same phrase in last fiscal year.

However, the total income has increased to Rs410.80 crore in the quarter under review from Rs 388.76crore in the same phrase last fiscal.

Exchanged has blamed the Settlement Guarantee Fund for its declination.

For the whole fiscal, NSE has reported Rs 439.33 crore as net profit this fiscal as compared to 779.68 of previous financial year. Also total income rolled up to Rs 1480.42 crore from last Rs 1363.68 crore.

According to SEBI norms, clearing company will have a fund named Core SGF for each section of every stock exchange to make sure the settlements of trade trades carried out in respective segment of the stock exchange.

The exchange will be needed to contribute at least 25% of the minimum required corpus of core SGF.