Long ago, stock market orders were shouted out on the floor and share certificates were sent by mail, often turning out to be fake. The solution was dematerialization of shares, removing the need for physical certification. Depositories like NSDL and CDSL emerged, marking investors as beneficial owners through digital entries, revolutionizing investing in India.
India’s only listed depository hit a massive milestone of 10 crore demat accounts. The number of demat accounts has jumped by nearly 5x since 2020. So in today’s episode for 25th November 2023, we have to talk about the business of the Central Depository Services Limited (CDSL).
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