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Clearing Banks


NSE Clearing has empanelled 15 clearing banks namely Axis Bank Ltd., Bank of India Ltd., Canara Bank Ltd., Citibank N.A., The Hongkong & Shanghai Banking Corporation Ltd., ICICI Bank Ltd., HDFC Bank Ltd., IDBI Bank Ltd., IndusInd Bank Ltd., JPMorgan Chase Bank, Kotak Mahindra Bank Ltd., Standard Chartered Bank, Union Bank of India, State Bank of India and Yes Bank.

Every Clearing Member is required to maintain and operate clearing accounts with any of the empanelled clearing banks at the designated clearing bank branches. The clearing accounts are to be used exclusively for clearing & settlement operations.

Members may open their clearing accounts with any of the empanelled clearing banks for the purpose of settlement of Exchange transactions.

The clearing banks are required to provide the following minimum services as a single window to all clearing members of NSE Clearing Limited (formerly known as National Securities Clearing Corporation Limited) as also to the Clearing Corporation:

  • Branch network in cities that cover bulk of the trading cum clearing members
  • High level automation including electronic funds transfer (ETF) facilities
  • Facilities like (a) dedicated branch facilities (b) software to interface with the Clearing Corporation (c) access to accounts information on a real time basis (d) back-up procedures and fall back mechanism in case of failure of the bank system
  • Value-added services to members such as free-of-cost funds transfer across centres etc.
  • Providing working capital funds
  • Stock lending facilities
  • Services as Professional Clearing Members
  • Services as Depository Participants
  • Other Capital Market related facilities
  • All other banking facilities like issuing bank guarantees / credit facilities etc.

Multiple clearing banks provide advantages of competitive forces, facilitate introduction of new products viz. working capital funding, anywhere banking facilities, the option to members to settle funds through a bank, which provides the maximum services suitable to the member.

Contact Details of Clearing Banks

Address Contact Person & Numbers
Capital Market Division
Jeevan Prakash Building
Sir P.M. Road
Fort
Mumbai - 400 001
MR. KETAN DANI
VICE PRESIDENT (DIVISION HEAD) 
CONTACT NO.: 022 40867501/02/ 09820587381
EMAIL ID: KETAN.DANI@AXISBANK.COM

MR. DEEPAK GOKHE
ASSISTANT VICE PRESIDENT
CONTACT NO.: 022 40867511/10/ 09820825867
EMAIL ID: DEEPAK.GOKHE@AXISBANK.COM

MR. AJIT DHAVAN
ASSISTANT VICE PRESIDENT
CONTACT NO.: 022 40867506/ 09820118777
EMAIL ID: AJIT.DHAWAN@AXISBANK.COM
Address Contact Person & Numbers
PHIROZE JEEJEEBHOY TOWER,
(NEW STOCK EXCHNAGE BUILDING) DALAL 
STREET FORT,
Fort
MUMBAI-400001
MUKESH KUMAR
ASSISTANT GENERAL MANAGER
Tel: 022 22722400
Mobile: 9630396886
Fax: 022 22721788

JAYKUMAR R GODBOLE
SENIOR MANAGER
Tel: 22721787
Mobile: 9820624607
Fax: 22721788
Address Contact Person & Numbers
14TH FLOOR ,MAKER TOWER,
E WING , CUFFE PARADE ,
MUMBAI - 400005
MADHU G CHANDRA
CHIEF MANAGER
Tel: 022 22023170
Mobile: 8450979860
EMAIL: MADHUGCHANDRA@CANARABANK.COM

RAKESH KASHYAP
DEPUTY GENERAL MANAGER
Tel: 022 22163083
Mobile: 8433994863
EMAIL:RAKESHKASHYAP@CANARABANK.COM
Address Contact Person & Numbers
CITIBANK N.A 
4TH FLOOR, FORT HOUSE,
DR. D.N. ROAD,
FORT, 
MUMBAI 400001
AMIT SARDA
VICE PRESIDENT
Tel No:022 4019 5600
Mobile:+91 75061 94822
Fax : 022 6654 1318
EMAIL:amit.sarda@citi.com

RAVI LOTLIKAR 
ASSOCIATE VICE PRESIDENT
Tel No.: 022 4019 5603 
Mobile: +91 98199 66803
Fax : 022 6654 1318
EMAIL:RAVI.LOTLIKAR@CITI.COM
Address Contact Person & Numbers
52/60
M G Road
Fort
Mumbai - 400 001
BIJESH BHARATHAN
AVP- PAYMENT SERVICES
Tel No.: 022 45053309
Mobile: 9769383133
Fax : 022 49146211 / 022 66476211
EMAIL: BIJESH.BHARATHAN@HSBC.CO.IN

MAYUR MODI
ASST. DIRECTOR, INSTITUTIONAL BANKING
Tel: 022 22681018
Mobile: 9004670242
EMAIL: MAYURMODI@HSBC.CO.IN
Address Contact Person & Numbers
Capital Market Group
1st Floor, 122, Mistry Bhavan
Dinshaw Vachha Road
Backbay Reclamation
Churchgate
Mumbai - 400 020
MANISH JAIN
Head - Capital Markets Group 
Mobile : +919820571141
Tel : 02226536505
Fax :02222611138
EMAIL: MANISH.JAIN@ICICIBANK.COM

ABHISHEK MISHRA
CHIEF MANAGER 
Mobile : +919004923337
Tel : 02226538985
Fax :02222611138
EMAIL: M.ABHISHEK@ICICIBANK.COM

Ms. Jyotsna Mulla
Senior Manager
Mobile : +919930062707
Tel : 02266818912
Fax :02222611138
EMAIL: JYOTSNA.MULLA@ICICIBANK.COM

JAYASHREE K 
HEAD - OPERATIONS 
Mobile : +91 7400086991
Tel : 91 -2266672005
Fax :02222611138
EMAIL: JAYASHREE.K@ICICIBANK.COM

JIJY JOSEPH 
CHIEF MANAGER - OPERATIONS 
Mobile : +91 9167780442
Tel : 22-66672066
Fax :02222611138
EMAIL: JIJY.JOSEPH@ICICIBANK.COM

KIRAN HEJMADI 
SENIOR MANAGER - OPERATIONS 
Mobile : +91 9167780442
Tel : 02266672018
EMAIL: KIRAN.HEJMADI@ICICIBANK.COM
Address Contact Person & Numbers
2nd Floor, Trade World 
"A" Wing, Kamala Mills
Lower Parel (W)
Mumbai- 400013
Mr. Chetan A. Shah
Business Head-Capital Markets,Commodity Markets & Banks
Tel: 022 24988484 Extn 3538
Mobile: 9322902935

ARUN BHURA 
VICE PRESIDENT-CAPITAL MARKET BUSINESS 
Tel : 24988484 EXTN 3998 
Mobile : 9339838461
Fax :022-40804711 

CHETAN ANAM
ASSOCIATE VICE PRESIDENT -CAPITAL MARKET BUSINESS
Tel : 24988484 EXTN 3676
Mobile : 9323292987
Fax :022-40804711 
EMAIL: CHETAN.ANAM@HDFCBANK.COM
Address Contact Person & Numbers
ANNEX BUILDING,
PLOT NO 39/40/41, SECTOR 11
CBD BELAPUR
NAVI MUMBAI ,PIN :400614
RANJAN KANHAIYA
Product head- Capital Market
Tel: 022-66552281
Mob: 8780448430

SUPRIYO DAWN
ASST. GENERAL MANAGER
Tel: 022-66552874 
Mobile: 09836667739
Address Contact Person & Numbers
5TH FLOOR, PNA HOUSE,
PLOT NO. 57, STREET NO. 17, 
MIDC, ANDHERI (EAST), 
MUMBAI 400093
CHETAN MEHTA 
HEAD - EXCHANGE CLEARING CELL
TELEPHONE: 022 61069399
MOBILE:9867173443
FAX: 022 61069414
EMAIL: CHETAN.MEHTA@INDUSIND.COM 

KAUSHIK CHATTERJEE 
ASSOCIATE VICE PRESIDENT 
TELEPHONE: 022 61069318 
MOBILE:9920209335 
FAX: 022 61069414 
EMAIL: CHATTERJEE.KAUSHIK@INDUSIND.COM 

MAHESH KUMAR 
HEAD - CAPITAL AND COMMODITY MARKETS DIVISION 
TELEPHONE: 022 66347722 
MOBILE:9920903883 
EMAIL: MAHESHC.KUMAR@INDUSIND.COM 
Address Contact Person & Numbers
J.P. Morgan Tower,
Off. C.S.T. Road, Kalina,
Santacruz - East, Mumbai 400098
Rahul Palan
Vice President
MailID: rahul.s.palan@jpmorgan.com
Tel : 022 61573752

Nikita Tambday
Vice President
MailID: nikita.tambday@jpmchase.com
Tel : 022 61573710

Roopadarshani Keer
Vice President
MailID: roopadarshani.r.keer@jpmorgan.com
Tel : 022 61575008

Gaurav Thanawala
Associate
MailID: gaurav.u.thanawala@jpmorgan.com
Tel : 022 61573844
Address Contact Person & Numbers
Kotak Infiniti, 6th Floor, Building No. 21, 
Infinity Park, Off Western Express Highway, 
General AK Vaidya Marg,
Malad (E), Mumbai 400097
PARAG SRIVASTAVA 
SENIOR VICE PRESIDENT 
TEL: 61660371 
MOBILE: 9833773960 

MUJTABA NASSER 
VICE PRESIDENT 
TEL: 61660321 
MOBILE: 9920755025 

MANOJKUMAR GUPTA 
ASSOCIATE VICE PRESIDENT 
TEL: 61660367 
MOBILE:7678042555 

Mr. Sanjay Mehta
VICE PRESIDENT
Tel: 66052665
Fax: 9820740277
Address Contact Person & Numbers
Crescenzo, Floor 7,C 38/39,
G Block, Behind MCA Club
Bandra Kurla Complex
Bandra (East) 
Mumbai-400 051.
India
Ashish Kapoor 
DIRECTOR, I&I SALES, TB
TELEPHONE- 91 22 61157767 
MOBILE- +91 9870224057 
FAX- 022 61159004 
Email Id : ashish.kapoor@sc.com

JAYDEEP UBHAYKAR 
MANAGER - CMS
TELEPHONE- 91 22 61157277 
MOBILE- +91 9870224057 
FAX- 18001030032 
Email Id : JAYDEEP.UBHAYKAR@SC.COM
Address Contact Person & Numbers
66/80, Mumbai Samachar Marg 
Fort, Mumbai 400 023
DEEPAK SAXENA 
ASST. GENERAL MANAGER 
TELEPHONE-022-22629399 
MOBILE-8655089549 
EMAIL-DEEPAK@UNIONBANKOFINDIA.COM 

ASHISH NEHETE 
SENIOR MANAGER 
TELEPHONE-022-22629334/32/33 
EMAIL-ASHISH.NEHETE@UNIONBANKOFINDIA.COM 
 
Address Contact Person & Numbers
CAPITAL MARKET BRANCH,
MUMBAI MAIN BRANCH BUILDING,
3RD FLOOR, MUMBAI SAMACHAR MARG, HORNIMAN CIRCLE,
Mumbai 400 001
INDRAKANT CHAURASHIYA 
CHIEF OPERATING OFFICER 
TEL: 022-22719100 
MOBILE: 9819401446 
FAX: 022-22719125 
EMAIL: INDRAKANT.CHAURASIA@SBI.CO.IN 

MUKESH KUMAR DUBEY 
ASSTT. GENERAL MANAGER 
TEL: 022-22719100 
MOBILE: 7045703198 
FAX: 022-22719125 
EMAIL: SETTLEMENT.11777@SBI.CO.IN 
Address Contact Person & Numbers
YES Bank Limited
Indiabulls Finance Centre
Tower 2, 24th Floor,
Senapati Bapat Marg,
Elphinstone (W)
Mumbai - 400013
Mr. Ganapathy Puranik
Head - Capital Markets Group
Mobile : +919867176804
Tel : 022 71009296
Mail ID: ganapathy.puranik@yesbank.in

Miss Kiran Shirke
Assistant Vice President
Mobile : +917045472600
Tel : 022 33479038
Mail ID: kiran.shirke@yesbank.in

Mr. Naveen Surana
Senior Vice President
Mobile : +918696361234
Tel : 022 33479039
Mail ID: naveen.surana@yesbank.in
Updated on: 22/01/2020
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