National Securities Depository Limited IPO Upcoming
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About National Securities Depository Limited
National Securities Depository Limited (NSDL) is a SEBI-registered market infrastructure institution (MII) offering a wide range of products and services to the financial and securities markets in India. It pioneered the dematerialization of securities in India and is the largest depository in India in terms of the number of issuers, number of active instruments, market share in demat value of settlement volume, and value of assets held under custody.
The core functions of NSDL are as follows:
- Maintaining allotment and transfer of ownership records
- Facilitating asset servicing
- Transaction and other services.
Additionally, it provides additional services like e-voting services, consolidated account statements (CAS), and non-disposal undertakings (NDU). It has 2 subsidiaries: NSDL Database Management Limited (NDML) and NSDL Payments Bank Limited (NPBL). NDML services like the automation and e-governance project for special economic zones and a national skills registry that seeks to build a credible record of the employees working in the IT / ITeS industry. NPBL operates a payments bank business and focuses on financial inclusion.