BOB Capital Markets Fined ₹13.76 Lakhs by NSE Clearing

NSE Clearing Ltd has imposed a penalty of ₹13.76 lakhs on BOB Capital Markets Limited, a subsidiary of Bank of Baroda. The penalty is due to a punching error by a dealer, resulting in a trade executed in the wrong instrument (NIAIF instead of NIAF7). This error led to client code modification penalties. The financial impact on the subsidiary's Profit & Loss statement will be the full amount of the penalty.