1. NSDL
Introduction
• Founded as on 8th November 1996 in Mumbai .
• Established a national infrastructure Using
Int’l Standards.
• Deals only with settlement of securities.
• Work as mediator and staunch supporter
between brokers and investors .
• was promoted by IDBI,UTI,NSE & SBI.
2. Functions
• Maintains investor holding in electronic form.
• Makes allotment in electronic form, of initial
public offerings (IPO).
• NSDL facilitates offer of securities as a
mortgage for loans.
• It offers facility for freezing or locking of
investors’ accounts.
3. Benefits
• Reduce paperwork & thereby reduce direct
costs.
• Instances of loss/theft/mutilation/forgery, etc.
of certificates will be completely eliminated.
• Company acquires a progressive, investor
friendly image.
• Company can save substantial time of the
secretarial department works .
4. PARTICIPANTS OF NSDL
• Global Trust Bank
• HDFC Bank
• City Bank Custodial services
• Morgan Stanley Custodial Services
• Reliance Share and Stock broking
• State Bank of India
• Deutsche Bank
