Description
UCO Bank has been empaneled as a designated Clearing Bank of ICCL for settlement of funds obligation of members in various segments.
Summary
Indian Clearing Corporation Ltd. (ICCL) has empaneled UCO Bank as a designated Clearing Bank for settlement of funds obligations of members across various ICCL segments. This addition expands the available clearing bank options for ICCL members.
Key Points
- UCO Bank empaneled as designated Clearing Bank of ICCL
- Bank will handle settlement of funds obligations for members in various ICCL segments
- Complete list of ICCL empaneled Clearing Banks available at https://www.icclindia.com/Static/membership/List_of_Clearing_Banks.aspx
- Notice Number: 20251224-34
- Category: Settlement/RMS, General segment
Contact Details
Registered & Corporate Office:
- UCO Bank, Resources Department, Head Office, 2nd Floor, 10 BTM Sarani, Kolkata - 700001
Nodal Branch:
- UCO Bank, Mid Corporate D N Road Branch, UCO Bank building, D N Road, Mumbai – 400001
Key Contacts:
- Shri Sourabh Singh, DGM, Resources - ho.resources@uco.bank.in, Tel: 9198321786
- Shri Subhankar Karmakar, Chief Manager, Resources - ho.resources@uco.bank.in, Tel: 9382063629
- Shri Shamik Acharjee, Asst. General Manager (Nodal Branch) - mumbai@uco.bank.in, Tel: 7045013323
Regulatory Changes
No regulatory changes. This is an operational update expanding the list of empaneled clearing banks.
Compliance Requirements
No new compliance requirements for members. This is an informational notice about the availability of an additional clearing bank option.
Important Dates
- Notice Date: December 24, 2025
- Effective immediately
Impact Assessment
Operational Impact: Low - Members now have an additional clearing bank option for settlement of funds obligations.
Market Impact: Minimal - This is a routine operational enhancement that provides members with more flexibility in choosing clearing banks.
Member Action Required: None - This is purely informational. Members may choose to use UCO Bank as their clearing bank if desired, but are not required to take any action.
Impact Justification
Routine operational update adding another clearing bank to existing list. No impact on trading, compliance requirements, or member obligations. Informational notice only.