This achievement marks a rapid increase in NSDL’s asset base. It took 18 years to reach Rs 100 lakh crore in June 2014, six years to cross Rs 200 lakh crore in November 2020 and just four more years to reach the Rs 500 lakh crore mark in September 2024. .
On achieving this milestone, S. Gopalan, Acting CEO of NSDL, said: “We are very happy and proud to have achieved this important milestone of reaching $6 trillion in value of assets held in custody. We thank the investors, participants market and regulators and other stakeholders on this historic occasion.
NSDL maintains a dominant 86% market share in demat asset value, with accounts spread across over 99.3% of India’s PIN codes. Supported by over 63,000 service centers across states and union territories, NSDL has played a pivotal role in modernizing the Indian securities market by enabling secure holding and transfer of dematerialized securities. Its services include innovations such as NSDL SPEEDe application, API/technology integrations, digital LAS, FPI monitoring and India Bond Info.
Meanwhile, in market activity on Friday, Indian benchmark indices Sensex and Nifty50 initially fell due to a drop in IT stocks following Infosys’ disappointing forecast. infosys The stock fell about 5% after its second-quarter results. However, the strong financial results of axle bench helped financial stocks rise, with Axis Bank rising nearly 6% after its quarterly earnings beat expectations. By mid-day, both Sensex and Nifty had reversed their initial losses, gaining 0.3% and 0.42%, respectively.
(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own. They do not represent the views of the Economic Times)
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.