Announced Fri, 3 Jul · 19:18 IST
Bank of Baroda subsidiary gets Rs 13.76 lakh penalty from NSE Clearing
Regulatory & Legal View source PDF
BANKBARODA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹252.20
prior close
₹252.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.7-0.5-0.7-1.8-4.4-3.1-0.5-0.7-1.6-3.2———
Up moveDown movePending
AI summary
NSE Clearing Ltd has imposed a penalty of Rs 13.76 lakhs on Bank of Baroda's subsidiary BOB Capital Markets for client code modification errors caused by a dealer's punching mistake. The trade was wrongly executed in client code NIAIF instead of NIAF7 (Institutional). The subsidiary's profit and loss will be impacted by this amount, though the impact on the parent bank is negligible.
Likely market impact
Minor hit to subsidiary P&L; negligible impact on Bank of Baroda at group level.