NISM Certifications · NISM-Series-VI: Depository Operations · Introduction to the Indian Capital Market
A client asks which Indian entities hold securities in electronic form on behalf of investors, with investors' holdings reflected in accounts opened through intermediaries. Which pair correctly names the two depositories operating in India?
The two depositories in India are NSDL (National Securities Depository Limited) and CDSL (Central Depository Services India Limited). They hold securities in electronic form through depository participants. Stock exchanges, clearing corporations and regulators such as SEBI and RBI perform different roles.
- ANSDL and CDSLCorrect
- BNSE and BSE
- CNSCCL and ICCL
- DSEBI and RBI
Explanation
India has two depositories: National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). NSE and BSE are stock exchanges, NSCCL and ICCL are clearing corporations, and SEBI and RBI are regulators.
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