Central Depositories Services India Ltd

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Overview:

Central Depository Services (India) Ltd or CDSL recently detected a cyber attack on a few of its internal machines.

About

What is CDSL?

  • It is a government-registered share depository, alongside its other state-owned counterpart National Securities Depository Ltd (NSDL).
  • Share depositories hold shares in an electronic or dematerialised form and are an enabler for securities transactions, playing a somewhat similar role to what banks play in handling cash and fixed deposits.
  • CDSL was founded in 1999. It is a Market Infrastructure Institution or MII that is deemed as a crucial part of the capital market structure, providing services to all market participants, including exchanges, clearing corporations, depository participants, issuers and investors.

 


Source : Indian Express