NISM Certifications · NISM-Series-VI: Depository Operations · Introduction to Depository
A client asks about the two depositories operating in India and their relationship with stock exchanges and promoters. Which statement is correct?
The two depositories registered with SEBI in India are NSDL and CDSL. They operate independently of each other, and Depository Participants may be registered with either one or both to offer demat services to investors.
- ANSDL and CDSL are the two depositories registered with SEBI in IndiaCorrect
- BNSDL and BSE Depository are the two registered depositories
- CCDSL and NSE Depository are the two registered depositories
- DOnly NSDL operates, and CDSL is a DP of NSDL
Explanation
India has two SEBI-registered depositories: National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). Neither is a DP of the other and both operate independently, with DPs registering with either or both.
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