What is the full form of NSDL
NSDL: National Securities Depository Limited
NSDL stands for National Securities Depository Limited. It is securities depository in India which holds the securities of investors like shares, bonds and debentures in electronic format. It is the first and largest central securities depository in India that was established to sort out the issues associated with the paper-based settlement of securities such as bad delivery and delayed transfer of title.
NSDL was established in I996, after the enactment of Depositories Act, 1996, to facilitate trading and settlement of securities in electronic format. It enabled the investors to transfer the ownership of securities through simple account transfer without involving in paperwork. It is headquartered in Mumbai, India.
NSDL is promoted by Industrial Development Bank of India Limited (IDBI), Unit Trust of India (UTI) and National Stock Exchange of India limited (NSE).
Some of the renowned banks that are major shareholders in NSDL are listed below:
Role of NSDL