NSDL Full Form | Full Form of NSDL
NSDL Full Form - National Securities Depository Limited
- NSDL stands for National Securities Depository Limited.
- It's securities depository in India which holds the securities of investors like shares, bonds and debentures in electronic format.
- It's the first and largest central securities depository in India that was established to map out the problems related to the paper-based settlement of securities like bad delivery and delayed transfer of title.
- It enabled the investors to transfer the ownership of securities through simple account transfer without involving in paperwork. It's headquartered in Mumbai, India.
National Securities Depository Limited
Promoters
- NSDL is promoted by Industrial Development Bank of India Limited ( IDBI ), unit trust of India (UTI) and National stock exchange of India limited (NSE).
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Shareholders
- Some of the renowned banks that are major shareholders in NSDL are listed below :
- Axis Bank Limited
- Canara Bank
- Citibank
- Dena Bank
- Deutsche Bank
- State Bank of India
- Oriental Bank of Commerce
- Standard Chartered Bank
Role of NSDL
- NSDL aims to use innovative technology systems to support investors and brokers within the capital market of India.
- It aims to make sure safety and reliability within the capital market of India by developing effective settlement solutions.
- It aims to increase efficiency by minimizing risk and reducing cost within the Indian marketplace.
- It develops products and services to satisfy the growing needs of financial services industry.