7.01: The progress of NSDL is a tribute to India's and Indian people's ability to adapt to change. Indians no longer think that stuffing share certificates under the pillow is the best way to store wealth. From a mere 8,000 investor accounts opened with NSDL - the country’s first depository - in the month of March 1998, these investor accounts have crossed the 50,000 mark by August 1998. From more than 563 cities in the country and 35 cities from overseas, investors have joined a silent revolution to rid the Indian Capital Markets of fake, forged or stolen shares and to help it to move to a paperless form of trading. Since the year 1996, NSDL has dematerialized more than 256 crores shares worth Rs.40,900 crores. The figures of shares delivered in "demat" form as compared to the percentage of the total delivery coming in is very encouraging. The next best competitor of NSDL is the BSE's Central Depositories Services Ltd.
| Nature of
the Securities Markets in India| Indian Financial System | Reserve Bank of India [RBI] |
Securities & Exchange Board of India [SEBI] | Evolution of Stock Exchanges in India |
[BSE] | [OTCEI] | [NSE] | Overview of Securities Transactions
in India |
Legal Frame Work of the Indian Capital Markets | Expansion of Securities Laws In India |
Present and proposed Governing Securities Laws In
India | Corporate VIAGRA |