BANKING AFFAIRS

Detailed explanation-1: -Stock Holding Corporation of India Limited (SHCIL) is an Indian custodian and depository participant, based in Navi Mumbai, Maharashtra.

Detailed explanation-2: -StockHolding has been profit making and dividend paying company right from its inception. As on date, IFCI holds 52.86% equity shareholding in StockHolding, making it a subsidiary Company of IFCI.

Detailed explanation-3: -The key service of StockHolding is to electronically store the shares and securities owned by the investors through the registered Depository i.e NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited).

Detailed explanation-4: -Stock Holding Corporation OF India Limited is an Indian Non-Government Company. It’s a public company and is classified as’company limited by share’. Company’s authorized capital stands at Rs 5000.0 lakhs and has 42.108803% paid-up capital which is Rs 2105.44 lakhs.

Detailed explanation-5: -Both are regulated by SEBI and provide similar trading and investing services. The only difference between both the depositories is their operating markets. While NSDL has National Stock Exchange (NSE) as the primary operating market, CDSL’s primary market is the Bombay Stock Exchange (BSE).