NISM Certifications · NISM-Series-VI: Depository Operations · Depository and its Business Partners
Which of the following is a depository in India, as opposed to a depository participant?
Central Depository Services (India) Limited is a depository; India has two, NSDL and CDSL. HDFC Bank and Zerodha operate as depository participants, and NSE Clearing Limited is a clearing corporation handling settlement rather than holding securities in demat form.
- AHDFC Bank acting as a DP
- BCentral Depository Services (India) LimitedCorrect
- CZerodha Broking as a DP
- DNSE Clearing Limited
Explanation
India has two depositories: NSDL and CDSL. Banks and brokers such as HDFC Bank or Zerodha act as DPs of these depositories. NSE Clearing is a clearing corporation, not a depository.
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