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    The Clearing Corporation of India Limited

    The Clearing Corporation of India Limited: central counterparty for government securities, money market, forex and rupee derivative trades.

    Facts last verified 29 September 2026 Updated
    On this page
    1. At a glance
    2. What it does
    3. Who owns it
    4. Why banks care
    5. Connections

    At a glance

    Set up by RBI or at its instance, not owned by RBI
    Short name
    CCIL
    Legal form
    Financial market infrastructure set up at RBI's instance, owned by banks and financial institutions
    Headquarters
    Mumbai
    Established
    2001
    Employees
    No official figure found in the sources checked
    Official site
    www.ccilindia.com
    Roles
    • Central counterparty for government securities, money market, forex and rupee derivative trades
    • Trade repository for over-the-counter derivatives

    What it does

    The Clearing Corporation of India stands between the two sides of trades in government securities, money markets, foreign exchange and rupee derivatives, so that each side’s risk is on CCILThe Clearing Corporation of India Limited. The central counterparty for India's government securities, money market, forex and rupee derivative trades, authorised by RBI. rather than on the other party. CCIL is a central counterparty authorised by RBI under the Payment and Settlement Systems Act, 2007.2CARE Ratings. The Clearing Corporation of India Limited (Revised): rating press release. As of 12 March 2025.

    Who owns it

    CCIL was set up in April 2001; a core committee appointed at RBI's behest chose SBI, IDBI Bank, ICICI Bank, LIC, Bank of Baroda and HDFC Bank as its core promoters.1The Clearing Corporation of India Limited. Promoters / Shareholders. As of 29 September 2026. CCIL's largest shareholders include SBI (16.8%), LIC (10%), STCI Finance (10%), ICICI Bank (9.9%) and HDFC Bank (9%).2CARE Ratings. The Clearing Corporation of India Limited (Revised): rating press release. As of 12 March 2025.

    Why banks care

    Banks’ treasury systems send trades to CCIL for clearing and settlement, and its rules for margins and settlement timing shape how those systems are built.

    Connections

    • RBI: A core committee appointed at RBI's behest chose CCIL's promoter banks and institutions.1
    • RBI: CCIL is authorised by RBI under the Payment and Settlement Systems Act, 2007.2

    Sources

    1. Promoters / Shareholders. The Clearing Corporation of India Limited. Primary source, accessed 29 September 2026. Supports: CCIL was set up in April 2001; a core committee appointed at RBI's behest chose SBI, IDBI Bank, ICICI Bank, LIC, Bank of Baroda and HDFC Bank as its core promoters (as of 29 September 2026).
    2. The Clearing Corporation of India Limited (Revised): rating press release. CARE Ratings. Analyst, accessed 29 September 2026. Supports: CCIL's largest shareholders include SBI (16.8%), LIC (10%), STCI Finance (10%), ICICI Bank (9.9%) and HDFC Bank (9%) (as of 12 March 2025); CCIL is a central counterparty authorised by RBI under the Payment and Settlement Systems Act, 2007 (as of 12 March 2025).