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