Description

NSE Clearing Limited updates the list of empaneled customer banks for the Trading Supported by Blocked Amount (ASBA-like) facility in the secondary market, effective March 2026.

Summary

NSE Clearing Limited (NCL) has issued a revised list of empaneled customer banks for the Trading Supported by Blocked Amount facility in the secondary market. This circular is a continuation of the original Go-Live circular (0463/2023) dated December 28, 2023.

Key Points

  • Updated empaneled customer bank list provided under Annexure 1
  • Seven banks are currently empaneled for the blocked amount trading facility
  • Circular reference: 0100/2026, Download Ref No: NCL/CMPT/73194
  • Members are requested to take note of the revised bank list

Regulatory Changes

No new regulatory changes introduced. This is an operational update revising the list of banks empaneled to support the blocked amount mechanism in secondary market trading, continuing the framework established in December 2023.

Compliance Requirements

  • Members must update their records with the revised list of empaneled customer banks
  • Members should inform their clients about the current list of eligible banks for using the blocked amount trading facility
  • Clients wishing to use this facility must have accounts with one of the seven listed empaneled banks

Important Dates

  • Circular Date: March 09, 2026
  • Original Go-Live Circular: December 28, 2023 (Circular No. 0463/2023)

Impact Assessment

The updated list of empaneled banks affects investors and members using the Trading Supported by Blocked Amount (TSBA) facility in the secondary market. The seven currently empaneled banks are:

  1. HDFC Bank Ltd.
  2. ICICI Bank Ltd.
  3. Canara Bank Ltd.
  4. IndusInd Bank Ltd.
  5. Punjab National Bank
  6. Axis Bank Ltd.
  7. Union Bank of India

Investors with accounts at banks not on this list will not be able to use the blocked amount mechanism for secondary market trading. Members should review their client base and communicate any changes from previous empaneled bank lists. No direct market-wide trading impact is expected, but operational adjustments may be needed for affected clients.

Impact Justification

Operational update affecting members and investors using the blocked amount trading facility; impacts which banks clients can use for this mechanism but does not introduce new regulations or affect all market participants.