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What is the full form of NSDL?

By Anushree Goswami Last updated : April 20, 2024

NSDL is an abbreviation of the National Securities Depository Limited. It is a central securities depository in India which deposits the securities of investors like shares, bonds, and debentures in electronic format. It is the primary and largest central securities depository in India that was founded to organize the matters and concerns in a category to solve, which are related to the paper-based settlement of securities such as awful delivery and delayed shifting of title.

In I996, NSDL was founded, subsequent to the enactment of Depositories Act, 1996, to make possible trading and settlement of securities in electronic format. It allowed the investors to transfer the rights of securities through easy account transfer without comprising in paperwork. Its head office is situated in Mumbai, India.

Corporate Social Responsibility

The NSDL was associated with various organizations for offering financial support for a variety of corporate social responsibility (CSR) projects:

• Dr. Babasaheb Ambedkar Vaidyakiya Pratishthan (BAVP), Aurangabad
• Borderless World Foundation (BWF), Pune
• Nana Palkar Smruti Samiti (NPSS), Mumbai

NSDL Promoters

NSDL is promoted by:

• Industrial Development Bank of India Limited (IDBI): the largest development bank of India.
• Unit Trust of India (UTI): Administrator of the Specified Undertaking of the Unit Trust of India.
• National Stock Exchange of India Limited (NSE): the largest stock exchange in India.

NSDL Shareholders

Following given below are some of the well-known high regarded banks that are chief shareholders in NSDL:

• Axis Bank Limited
• Canara Bank
• Citibank
• Dena Bank
• Deutsche Bank
• State Bank of India
• Oriental Bank of Commerce
• Standard Chartered Bank
• Union Bank of India
• HDFC Bank Limited
• HSBC limited

Role of NSDL

• NSDL's objective is to make the utilization of innovative technology systems to support investors and brokers in the capital market of India.
• Its objective is to make sure security, protection, consistency and trustworthiness in the capital market of India by developing effectual and valuable settlement solutions.
• Its objective is to enhance and raise effectiveness by diminishing risk and minimizing cost in the Indian marketplace.
• It expands and develops products and facilities to accomplish the rising requirements of the economic services industry.

NSDL Groups

Following given below are some of the NSDL groups, which comprise:

• National Securities Depository Limited (NSDL)
• NSDL Database Management Limited (NDML)
• NSDL e-Governance Infrastructure Limited.

In 1995, NSDL e-Gov was formerly established as a Depository. NSDL also has a subordinate company, which is NSDL Database Management Limited.