Which bank has received Custodian of Securities licence from the markets regulator SEBI

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which bank has received ‘Custodian of Securities’ licence from the markets regulator SEBI

A	HDFC Bank
B	ICICI Bank
C	AXIS Bank
D	Yes Bank

Explanation:

Detailed explanation-1: -A custodian bank is a financial institution that holds customers’ securities for safekeeping to prevent them from being stolen or lost.

Detailed explanation-2: -Custodians are clearing members but not trading members. They settle trades on behalf of their clients that are executed through other trading members. A trading member may assign a particular trade to a custodian for settlement.

Detailed explanation-3: -Stock Holding Corporation of India Ltd (SHCIL), India’s largest custodian and depository participant.

There is 1 question to complete.