The National Securities Depository Ltd (NSDL) on Friday said the value of securities held in dematerialized form at the depository reached Rs 500 lakh crore (USD 6 trillion) in September 2024. The leading depository took 18 years to reach Rs 100 lakh crore in June 2014, another 6 years to touch Rs 200 lakh crore in November 2020 and a span of 4 years to hit the milestone of Rs 500 lakh crore, a statement said. "We thank investors, market participants, regulators and other stakeholders on this historic occasion," S Gopalan, Interim MD of NSDL said in a statement. NSDL is a Sebi-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India. Following the introduction of the Depositories Act in 1996, NSDL pioneered the dematerialisation of securities in India in November 1996. Last month, the depository received Sebi's go-ahead to launch its initial public offering (IPO). The clearance from the markets ...
However, if the deposit amount is above the insurance coverage of DICGC, then the liquidator can claim the amount only on a reimbursement basis
A depositary receipt is a financial instrument that allows people to invest in the shares of foreign companies. In this report, we tell you about the different kinds of depositary receipts
Earlier deadline was July 1; Move follows request by depository firms tasked with readying the backend for the new system for extension as the "changes to the systems are still under process"
As for stock investing, depository receipts offer better protection while international broker route offers more choices
Regulator yields to requests made by market participants
Markets regulator Sebi on Thursday came out with a framework to monitor foreign holding in depository receipts (DRs)
The Senate passed a legislation earlier this week that requires non-US firms to meet a number of strict criteria to remain listed
The tax rate for dividends in the hands of foreign portfolio investors is now 20 per cent, in addition to surcharge and cess. Dividends paid to DR holders, on the other hand, are taxable at 10%
NRIs barred from investing in shares issued by Indian companies in overseas market
Following regulatory approvals to increase FII the investment limit, the premium has narrowed to around 11 per cent