Well Ravi! NSDL Stands for National Securities Depository Limited.
National Securities Depository Limited is the first depository to be set-up in India. It was incorporated
on December 12, 1995. The Industrial Development Bank of India (IDBI) - the largest development
bank in India, Unit Trust of India (UTI) - the largest Indian mutual fund and the National Stock
Exchange (NSE) - the largest stock exchange in India, sponsored the setting up of NSDL and
subscribed to the initial capital. NSDL commenced operations on November 8, 1996.
Ownership
NSDL is a public limited company incorporated under the Companies Act, 1956. NSDL had a paidup
equity capital of Rs. 105 crore. The paid up capital has been reduced to Rs. 80 crore since
NSDL has bought back its shares of the face value of Rs. 25 crore in the year 2000. However, its
net worth is above the Rs. 100 crore, as required by SEBI regulations.
The following organisations are shareholders of NSDL as on March 31, 2005:1
1. Industrial Development Bank of India
2. Administrator of the Specified Undertaking of the Unit Trust of India - DRF
3. National Stock Exchange
4. State Bank of India
5. Oriental Bank of Commerce
6. Citibank N.A.
7. Standard Chartered Bank
8. HDFC Bank Limited
9. The Hongkong and Shanghai Banking Corporation Limited
10. Deutsche Bank A.G.
11. Dena Bank
12. Canara Bank
Information collected from www.nseindia.com
Answered by
Kumaar
at
2:25 PM on October 25, 2008