be compared to a bank. A depository holds securities of investors in electronic form.
1 NATIONAL SECURITIES
NATIONAL SECURITIES DEPOSITORY LIMITED [NSDL] is a depository promoted by National Stock Exchange of India Limited, IDBI,UTI,SBI and other financial institutions. NSDL commenced operation in November 1996.
Ø 2 CENTRAL DEPOSITORY SERVICE [INDIA] LIMITED
DEPOSITORY SERVICE (INDIA) LIMITED [CDSL] Is a
depository promoted by The Stock Exchange, Mumbai jointly with SBI, Bank Of
India,HDFC Bank and other financial institutions.CDSL commenced its operations
in July 15th 1999.
A depository participant (DP) is an agent of the depository who is authorized to offer depository services to the investors. Cochin Stock Brokers Limited is a wholly owned subsidiary of Cochin Stock Exchange is a depository participant of the CSDL.CSBL Started its DP operation on May 2001.