Difference Between NSDL and CDSL
NSDL and CDSL are the depository of Indian stock market. The shares which you purchase in your demat account is held and maintained by depository in an electronic format. There is no major difference between NSDL and CDSL the depository in context of their purpose and work. What is the difference between NSDL and CDSL? Both NSDL and CDSL are registered by the Government of India and Stock Exchange Board of India (SEBI). NSDL and CDSL difference NSDL, or National Securities Depository Limited, is owned by a consortium of financial institutions, while CDSL, or Central Depository Services Limited, is a subsidiary of the Bombay Stock Exchange. CDSL and NSDL difference CDSL is a subsidiary of the Bombay Stock Exchange, while NSDL is owned by a consortium of financial institutions.
What is NSDL?
NSDL stands for National Securities Depository Limited. It was established in the year 1996 and is one of the largest depositories in the world.
What is CDSL?
CDSL stand for Central Depository Services Limited. It was established in the year 1999 and is the first listed depository in India.
NSDL vs CDSL
Criterion | NSDL | CDSL |
Year of Establishment | 1996 | 1999 |
Primary Operating Market | National Stock Exchange (NSE) | Bombay Stock exchange (BSE) |
Demat Account Format | 14 numeric digits and starting with “IN” | 16 Numerical digits |
Promoters | National Stock Exchange (NSE), Industrial Development Bank of India (IDBI) and Unit Trust of India (UTI) | Bombay Stock exchange (BSE), State Bank of India (SBI), HDFC Bank, Bank of Baroda, Bank of India, and Standard Chartered Bank |
Conclusion
NSDL and CDSL are the two primary depositories in India, facilitating the electronic holding and transfer of securities. The key distinction lies in their ownership structures: difference in NSDL and CDSL, NSDL is owned by a consortium of financial institutions, while CDSL operates as a subsidiary of the Bombay Stock Exchange. Both play crucial roles in the country's securities market infrastructure.
0 comments