The Business Bytes
Mumbai, October 18, 2024 (TBB Bureau): National Securities Depository Limited (NSDL), one of the world’s leading securities depositories, has reached a significant milestone, with the value of securities held in dematerialized form crossing Rs 500 lakh crore (equivalent to US $6 trillion). This achievement underscores NSDL’s pivotal role in the evolution of India’s financial markets and its growing significance in the global securities space.
The journey to this landmark figure reflects the growing confidence of investors and market participants in the Indian financial ecosystem. NSDL took 18 years to reach Rs 100 lakh crore in June 2014, followed by a leap to Rs 200 lakh crore in November 2020. In a remarkable span of just four years, the depository has now crossed the Rs 500 lakh crore threshold in September 2024.
On this momentous occasion, S Gopalan, Interim Managing Director of NSDL, expressed his pride and gratitude, stating, “We are very happy and proud to have reached this significant milestone of US $6 trillion in value of assets held in custody. This achievement is a testament to the trust and confidence placed in NSDL by investors, market participants, regulators, and all stakeholders. We extend our heartfelt thanks to everyone who has been part of this journey.”
The accomplishment highlights the robust infrastructure provided by NSDL, enabling seamless and secure trading, settlement, and custody services for millions of investors across the country. By consistently enhancing transparency, security, and efficiency in India’s capital markets, NSDL has played a crucial role in facilitating the growth of both retail and institutional investments.
