BANKING AFFAIRS

Detailed explanation-1: -National Securities Depository Limited (NSDL) is an Indian central securities depository, based in Mumbai. It was established in August 1996 as the first electronic securities depository in India with national coverage.

Detailed explanation-2: -What is CDSL? CDSL started operations in Mumbai in 1999 and is the second-largest depository in the country after NSDL. Like NSDL, it provides all services, like holding financial securities in the electronic format and facilitating trade and settlement of orders.

Detailed explanation-3: -We have two exchanges in the country that conduct stock trading: National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). NSDL is the depository for NSE and CDSL is BSE’s depository. CDSL was established in 1999 and NSDL was established in 1996.

Detailed explanation-4: -The National Securities Depository Limited is a financial entity set up to hold securities in the form of tangible or non-physical certificates. It’s like a bank account system for securities like bonds and shares, in the form of either tangible or intangible certificates.

Detailed explanation-5: -Central Depository Services Limited and NSDL Limited NSDL is India’s first & largest depository. It was set up on November 8, 1996, formed with the purpose of handling the securities held in dematerialized form in the Indian capital market.