Question: Which of the following is the first and largest depository presently operational in India?
A Central depository services limited (CDSL)
B Bombay stock exchange (BSE)
C National securities depository limited (NSDL)
D Reserve bank of India (RBI)
Answer: National Securities Depository Limited (NSDL)
| NSDL | Description |
| Full form | · National Securities Depository Limited |
| Type | · Central Depository |
| Headquarters | · Mumbai, Maharashtra, India |
| Role | · Facilitates the holding and transferring of securities in electronic form. |
| Year of establishment | · 1996 |
| Regulatory Authority | · Securities and Exchange Board of India (SEBI) |
| Services Offered | · Dematerialization of securities · Central record-keeping for securities · Facilitating electronic transfer of securities · Issuance of unique Demat account numbers |
| Demat Accounts | · NSDL provides Demat (Dematerialized) accounts to investors, enabling them to hold and trade securities electronically. |
| Significance | · NSDL played a pivotal role in the transition of India’s securities market from paper-based trading to electronic trading, making it more efficient and secure. |
| Ownership | · ICICI Bank, · State Bank of India · HDFC Bank and others |