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A demat account is an Indian term for a dematerialized account that holds financial securities (equity or debt) digitally for traded shares in the share market. In India, demat accounts are maintained by two depository organizations: the National Securities Depository Limited and the Central Depository Services Limited .
Currently there are two depositories operational in India. National Securities Depository Limited - NSDL - Having 2 crores Demat A/c as on 30-06-2020 [3] Central Depository Services Limited - CDSL - Having 2.3 crores Demat A/c as on 30-06-2020 [4]
Central Depository Services (India) Ltd. (CDSL) is an Indian central securities depository, founded in 1999. [3] CDSL is the largest depository in India in terms of number of demat accounts opened. In February, CDSL became the first depository in India to open 60 million active demat accounts. [4]
It was established in August 1996 as the first electronic securities depository in India with national coverage. [2] It was established based on a suggestion by a national institution responsible for the economic development of India. At the end of 2023, its demat accounts held assets worth ₹398 Lakh Crore ($4.7 trillion). [3] [4] [5] [6]
On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
Hospitality and travel-related roles were among some of the fastest-growing jobs, according to LinkedIn's analysis of user data. (Thomas Barwick/Digital Vision/Getty Images)
Zerodha Broking Ltd. is an Indian stock broker and financial services company that is member of the National Stock Exchange of India (NSE), Bombay Stock Exchange (BSE), and the Multi Commodity Exchange (MCX). It offers institutional and retail brokerage, currency and commodity trading, mutual funds and bonds. [2] [3]
Image credits: Westford Animal Control / Facebook A woman walking by the Nabnasset Lake in Westfold, Massachusetts, noticed a cat stuck on the ice in the middle of the lake and immediately called ...