Question

    Who promoted Central Depository Services (India) Limited

    (CDSL)?
    A RBI (Reserve Bank of India) Correct Answer Incorrect Answer
    B NSE (National Stock Exchange) Correct Answer Incorrect Answer
    C BSE (Bombay Stock Exchange) Correct Answer Incorrect Answer
    D NSDL (National Securities Depository Limited) Correct Answer Incorrect Answer
    E SEBI (Securities and Exchange Board of India) Correct Answer Incorrect Answer

    Solution

    The Bombay Stock Exchange Limited (BSE) and State Bank of India (SBI) initially promoted Central Depository Services (India) Limited (CDSL) in 1999. BSE later sold its stake to leading banks, and CDSL is now a public limited company. As of May 2024, BSE Limited, Standard Chartered Bank, PPFAS Mutual Fund, HDFC Bank, and LIC are the top shareholders of CDSL

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