National Securities Depository Limited
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Statistics

August 31, 2019

arraw Investor Accounts - 1,89,16,477
arraw DP Service Centres - 31,205
arraw Demat Custody Value - 177.44
(₹ Lakh Crore)(US$ 2,483 billion)
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NSDL News

NSDL Update – News – June 2013

National Securities Depository Ltd (NSDL) has appointed Mr. G. V. Nageswara Rao as MD & CEO with effect from July 1, 2013. Mr. Rao’s appointment has been approved by the Board and the Shareholders of NSDL as well as by the Securities and Exchange Board of India (SEBI).

NSDL is India’s largest depository and has played a key role in transforming the Indian capital markets by introducing dematerialisation in holding and settlement of securities. Total value of securities held in the NSDL system are about USD 1.40 trillion (`80 lakh crore), which accounts for 88% of all securities dematerialised in the country. NSDL has been promoted by IDBI Bank, National Stock Exchange (NSE) and the Specified Undertaking of the Unit Trust of India (SUUTI). Several other public sector, private sector and foreign banks are shareholders of NSDL. NSDL has recently demerged its depository and e-governance businesses.

“NSDL is a showcase institution of the Indian Capital Market and I am honoured to be chosen to lead NSDL in its continuing efforts to introduce transformatory changes in the market,” said Mr. Rao.

Mr. Rao has over 26 years’ experience in various segments of financial services and has successfully built and managed several new businesses. Mr. Rao is a graduate from IIM, Ahmedabad, a Chartered Accountant and a Cost Accountant. Before joining NSDL, Mr. Rao was the MD & CEO of IDBI Federal Life Insurance Company Ltd. Prior to that, he was the MD & CEO of IDBI Bank, a new generation private sector bank and later became the CEO of the Commercial Banking SBU after the bank’s merger with its parent institution, Industrial Development Bank of India. Before that, Mr. Rao was MD & CEO of IDBI Capital Market Services Ltd.

SPICE facility enables Clearing Members (CMs) to submit instructions to debit the account of the Clients and credit their CM Pool Accounts based on the Power of Attorney (POA) given by the Client to the CM. This facilitates auto pay-in of instructions. Considering that sometimes, the clients are also required to transfer the securities to the margin account of the Clearing Member, SPICE facility is enhanced to enable Clearing Members (CMs) to submit instructions to debit the account of the Clients and credit their margin accounts based on the Power of Attorney (POA) given by the Client to the CM.

(Ref: Circular Nos. NSDL/POLICY/2009/0126 dated December 31, 2009 and NSDL/POLICY/2013/0070 dated May 10, 2013)

PUG Securities Private Limited (DP ID IN303972), a Participant of NSDL, has been advised by NSDL to close down its depository operations.

(Ref: Circular No. NSDL/PI/2013/0997 dated May 3, 2013)

NSDL's common internet facility called SPEED-e facilitates Users (Beneficial Owners and Clearing Members) to submit delivery instructions on the internet. During May 2013, five more Participants have subscribed to the SPEED-e facility viz.,

  • Indovision Securities Limited (DP ID IN303930)
  • Daulat Securities Limited (DP ID IN301372)
  • Goldmine Stocks Private Limited (DP ID IN301645)
  • KK Securities Limited (DP ID IN300468)
  • Siddhartha Capital Market Limited (DP ID IN302515)

Clients of the aforementioned Participants can now avail of the facility of submitting various instructions through SPEED-e facility. This takes the total number of Participants who have subscribed to SPEED-e to 124. For more information on SPEED-e you can logon to: https://www.nsdl.co.in/speed-e.php.

  • NCDO/NISM training / certification programmes for Participants

NSDL has made arrangements with NISM to facilitate staff of Participants to get certified for NISM-Series VI Depository Operations Certification Examination (DOCE) as per SEBI requirements. In May 2013, NSDL conducted two such training programmes at Mumbai and New Delhi for Participants’ staff which were attended by 42 officials nominated by various Participants.

  • CPE Training Programme for Participants

NSDL, an approved NISM Accreditated Continuing Professional Education (CPE) Provider offers CPE programmes for associated persons of market intermediaries who are holding one of the valid certificates such as NCFM (NSE’s Certification in Financial Markets), NCDO (NSDL’s Certification in Depository Operations), BCCD (BSE’s Certification on Central Depository), Certificate on completion of CDSL’s DP training programme on Central Depository Services (India) Limited & NISM Series VI- Depository Operations Certification Examination (DOCE). In May 2013, NSDL conducted one such training programme at Mumbai which was attended by 11 officials nominated by various Participants.

  • KYC Training Programme for Participants

In light of the recent developments with respect to depository account opening viz., Introduction of KYC Registration Agency (KRA), Qualified Foreign Investors (QFI), Basic Services Demat Account (BSDA), Rajiv Gandhi Equity Savings Scheme (RGESS) etc., training programme on ‘KYC requirements for Account Opening’ was organized which focused on latest developments as well as other requirements for opening various Depository Accounts, to facilitate efficient functioning of depository operations of Participants. In May 2013, NSDL conducted five such training programmes in Ahmedabad, Chennai, Kolkata, Mumbai and New Delhi which were attended by 63 officials of Participants.

  • SPEED-e Training Programme for Participants

NSDL's common internet facility called SPEED-e facilitates Users (Beneficial Owners and Clearing Members) to submit delivery instructions on the internet. SPEED-e facilitates Participants to eliminate paper [Delivery Instruction Slips (DIS)] resulting in reduction in cost of storage and processing of DIS and the risk involved in verifying specimen signatures of account holders at the time of processing DIS. To facilitate Participants to enhance their knowledge and get more familiar with the features, process, documentation and latest developments on SPEED-e facility, NSDL conducted two such training programmes on SPEED-e facility in May 2013 at Mumbai which were attended by 63 officials nominated by various Participants.

  • SHR Training Programme for Issuers and Registrar & Transfer Agents (RTA)

Training programme for Issuers and Registrar & Transfer Agents (RTA) i.e. SHR training programme focuses on day-to-day operations with respect to various operations modules and aspects of NSDL depository system viz., demat/remat, settlement, Beneficiary Positions, Corporate Action, Reconciliation, Record Maintenance etc. which also covers the various system modules viz., Connectivity, Installation procedure, Fault logging and System Security. In May 2013, NSDL conducted one such training programme in Mumbai which was attended by 19 officials.

  • Investor Depository Meets (IDMs): NSDL interacts with investors throughout the country through a series of ‘Investor Depository Meets’. These programs are organised to spread awareness amongst the accountholders and others about the new facilities introduced by NSDL, the safety features and precautions to be taken by accountholders while operating in the depository environment. During May 2013, NSDL organised three IDMs at Amreli in Gujarat and Margaon & Panaji in Goa, which were attended by 149 investors.
  • Stock Clinic Programme with Participant: To spread awareness about Depository related services & the new features introduced in NSDL Depository system, NSDL conducted Stock Clinic Programme with Bank of India to educate employees and investors of Bank of India regarding benefits of dematerialization. In May 2013, NSDL conducted three such training programmes in Mumbai which were attended by 85 persons.
  • Training Programme organized by Institutions: In May 2013, NSDL conducted a training programme for 30 newly recruited SEBI officials at the request of National Institute of Securities Markets (NISM).
  • Participation in events conducted by Institutions: In May 2013, NSDL sponsored a nine day event titled ‘Parle Premier League 2013’ (PPL) at Mumbai. This event attracted a footfall of around 1,000 participants. NSDL also conducted a seminar at Keshav Rao Auditorium, PTVA Institute of Management, Mumbai for students & their parents participating in PPL 2013. Various aspects on depository related services were explained to participants attending this event. Around 50 persons attended this training program.