BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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CIBIL
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SEBI
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NABARD
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SHCIL
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Detailed explanation-1: -Stock Holding Corporation of India Ltd (SHCIL), India’s largest custodian and depository participant.
Detailed explanation-2: -BNY Mellon is currently the world’s largest custodian bank with over $43 trillion in assets under custody.
Detailed explanation-3: -In India, the leading custodians are Stock Holding Corp. of India, HDFC Bank Ltd., ICICI Bank Ltd., etc.
Detailed explanation-4: -India has two primary depositories-NSDL (National Securities Depository Limited) and CSDL (Central Depository Services Limited). Since it isn’t possible to open an account and trade directly with either of these bodies, depository participants step in.
Detailed explanation-5: -Custodial services offer the safekeeping of assets. In addition, a depository offers multiple services about financial assets and their transfer. For example, the Bank of New York is a custodian. Whereas NSDL and CDSL are renowned depositories.