Mumbai, Maharashtra, India, December 2025 – Kamal Singhania has been promoted to the role of Executive Vice President at The Clearing Corporation of India Limited (CCIL), marking a significant leadership milestone in his long and distinguished association with the organization. In this role, he will continue to contribute to CCIL’s mandate of strengthening clearing, settlement, and risk management frameworks that underpin India’s financial markets.
Kamal Singhania has been associated with CCIL for over two decades, during which he has played a key role in the institution’s growth and operational maturity. Prior to his elevation, he served as Senior Vice President, where he was closely involved in the clearing and settlement ecosystem for government securities, money market instruments, foreign exchange, and OTC derivatives. His tenure has coincided with CCIL’s evolution as a systemically important financial market infrastructure, supporting financial stability and mitigating counterparty and settlement risks.
Before joining CCIL, he spent several years with IDBI Bank, where he worked as Assistant General Manager. During this phase, he gained strong exposure to treasury operations and foreign exchange markets, serving as a Forex Dealer and developing deep expertise in banking and financial market operations that later proved valuable in his long career at CCIL.
About The Clearing Corporation of India Limited (CCIL)
Established in 2001, CCIL is a central counterparty providing clearing and settlement services for a wide range of financial instruments, including government securities, money market instruments, foreign exchange, and OTC derivatives. Authorized by the Reserve Bank of India as a Payment System Operator, CCIL plays a pivotal role in enhancing efficiency, safety, and systemic stability in India’s financial markets. Its subsidiaries include Clearcorp Dealing Systems India Ltd., Legal Entity Identifier India Ltd., and CCIL IFSC Ltd.
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