Which bank Securities Gets NCDEX Membership recently? – InterviewSolution

InterviewSolution

1.	Which bank Securities Gets NCDEX Membership recently?
Answer» Axis Securities, a subsidiary of Axis Bank 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.

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