Badla rates continue at 21-24%
Mumbai: The badla rates of the Bombay Stock Exchange are continuing at a high of 21 to 24 per cent per annum. This indicates huge long positions being carried forward to the next settlement.

Two scrips, Hindustan Lever and Mahindra & Mahindra, however attracted backwardation charges in view of shortage of floating stock.

The exchange has imposed volatility margin on 230 scrips, both specified and non-specified varieties.
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BSE hikes default compensation level
Mumbai: The Bombay Stock Exchange has raised the compensation to investors on account of default by members from the current level of Rs 3 lakh to Rs 5 lakh.

An exchange press release said this is the highest that any exchange in the country would pay and is also higher than the prescribed limit of Rs 1.50 lakh set by the Securities and Exchange Board of India.
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Global Trust Bank to provide access to despository accounts
Hyderabad: Global Trust Bank will be the first Indian bank to give access to customers to information on their accounts with the National Securities Depository through the internet, with the implementation of its e-commerce initiative within the next three months.

Global Trust Bank chairman Ramesh Gelli said as and when the laws of the country allow a depositor to instruct the bank electronically, we will offer that facility also on the internet.
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