| National Securities Depository Limited | ||
| Profile | ||
| Profile | National Securities Depository Limited (NSDL), the first depository in India, was set-up in Nov 1996. It is promoted by Industrial Development Bank of India (IDBI), Unit Trust of India (UTI)and National Stock Exchange (NSE). Later on, State Bank of India, HDFC Bank, HSBC, Citibank, Deutsche Bank, Dena Bank, Global Trust Bank and Standard Chartered Bank have taken a stake in NSDL. More than 1000 companies, representing about 85 % of the market capitalisation, have joined NSDL for admitting their securities in the depository. More than 125 depository participants (DPs) are servicing more than 2.5 mn investors from more than 1400 locations spread across more than 285 cities & towns across the country. More than 90% of the settlement by value on all stock exchanges in the country is now facilitated through NSDL. | |
| Services offered | ||
| Services offered | Account Maintenance Dematerialisation of securities Transfer of securities Freezing/defreezing of accounts Non-cash Corporate Actions Electronic credit in public offerings of issuers Pledging/hypothecation of securities Securities settlement in demat form for connected stock exchanges Securities lending and borrowing Retail participation in government securities Public Offer Module Beneficiary position information to issuers Cash Corporate Actions. | |