National Securities Depository Limited

Mumbai, India

National Securities Depository Limited (NSDL) is India's first and largest central securities depository, providing electronic depository services and enabling individuals and organizations to maintain their securities in electronic format. It plays a critical role in the Indian capital market by facilitating the safe, efficient, and secure trading of securities, thereby enhancing the overall market efficiency.

CCI Score

-7.27

0.03% May 31

Latest Event

NSDL Settlement with SEBI

NSDL settled a regulatory case with the Securities and Exchange Board of India (SEBI) by paying Rs 3.12 crore over alleged depository rule violations without admitting liability, while preparing for a significant IPO. This settlement highlights concerns regarding NSDL's adherence to regulatory standards and ethical business practices.

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COLLABORATOR

National Securities Depository Limited is currently rated as a Collaborator.

-5 to -9 CCI Score

In this category, companies align with authoritarian practices mainly to avoid trouble or regulatory conflict. Their compliance is driven by self-preservation, resulting in minimal resistance even as they participate in oppressive systems.

Latest Events

OCT

17

2024

NSDL Settlement with SEBI
-18.79

NSDL settled a regulatory case with the Securities and Exchange Board of India (SEBI) by paying Rs 3.12 crore over alleged depository rule violations without admitting liability, while preparing for a significant IPO. This settlement highlights concerns regarding NSDL's adherence to regulatory standards and ethical business practices.
-20

Business Practices and Ethical Responsibility

April 23

NSDL's settlement with SEBI for alleged breaches in depository regulations reflects a lapse in adhering to expected ethical and regulatory standards. Although the company did not admit liability, the occurrence raises questions about its business practices and accountability, key concerns from an anti-authoritarian, pro-transparency standpoint.

NSDL's Settlement with SEBI: A Major Milestone
OCT

14

2024

NSDL Settlement with SEBI for Regulatory Violations
-37.56

NSDL paid Rs 3.12 crore to SEBI to settle a case related to alleged violations of depository rules. The settlement, reached without admission of guilt, resolved issues concerning non-compliance with regulations that require timely grievance redressal by market participants.
-40

Business Practices and Ethical Responsibility

April 23

The settlement indicates NSDL’s failure to adhere fully to ethical business practices and regulatory standards. Although the payment resolves the issue, it reflects a lapse in maintaining the high compliance and accountability expected in market infrastructure, undermining consumer trust.

NSDL pays Rs 3.12 crore to SEBI settling THIS case! - Details
OCT

14

2024

NSDL Settles Regulatory Violation Allegations
-37.56

NSDL paid Rs 3.12 crore to settle allegations of non-compliance with a Securities Appellate Tribunal order, which cited failures in addressing investor grievances and upholding regulatory standards.
-40

Business Practices and Ethical Responsibility

April 23

NSDL’s settlement to address regulatory violations demonstrates a lapse in ethical business practices by failing to promptly redress participant and investor grievances as mandated. This non-compliance undermines trust in corporate accountability and investor protection.

NSDL pays Rs 3.12 crore to settle allegations of non-compliance of SAT order - Moneycontrol
OCT

14

2024

NSDL Settles SEBI Rule Violation Case
-37.56

NSDL settled a regulatory case by paying Rs 3.12 crore to SEBI on October 14, 2024, after being accused of failing to comply with depository regulations, including neglecting the mandatory 30-day window for grievance redressal.
-40

Business Practices and Ethical Responsibility

April 23

NSDL's failure to meet regulatory requirements and its subsequent decision to settle the dispute by paying a penalty illustrates shortcomings in its business practices and ethical responsibility. This incident undermines trust in market oversight and signals a lapse in maintaining high standards in operations, which is concerning given its critical role in the financial ecosystem.

NSDL Pays Rs 3.12 Crore to Settle Rule Violation Case with SEBI
OCT

14

2024

NSDL Settles Regulatory Violation Case with Sebi
28.17

NSDL settled a case pertaining to alleged violation of depository rules with India's markets regulator, Sebi, by paying a Rs 3.12 crore settlement amount without admitting or denying the allegations, thereby resolving the dispute.
+30

Business Practices and Ethical Responsibility

April 23

By settling the case with Sebi and paying the required settlement, NSDL demonstrated accountability and adherence to regulatory standards. This compliance, even though it involved a financial penalty, is viewed positively as it shows a commitment to ethical business practices which counter authoritarian impunity in corporate behavior.

NSDL settles depository violation rule case with Sebi; pays Rs 3.12 crore
SEP

30

2023

NSDL Launches Blockchain Platform to Enhance Transparency in Bond Market
59.70

NSDL, India's largest central securities depository, has launched a new blockchain-based platform developed in partnership with Cognizant. The platform is designed to improve transparency, discipline, and standardization in the corporate bond lifecycle by ensuring a verifiable, immutable audit trail and preventing issues such as overcharging on the same asset.
+75

Technology and Services Impact

April 23

The deployment of a blockchain platform enhances transparency and accountability in the corporate bonds market, reducing risks of opaque practices and potential financial manipulation. This adoption of open-source, permissioned distributed ledger technology supports a more secure and verifiable financial ecosystem, aligning with progressive values of transparency and public oversight.

PDF Cognizant NSDL’s new blockchain platform protects bond investors
+65

Economic and Structural Influence

April 23

The blockchain platform reinforces economic and structural improvements in the financial market infrastructure by standardizing and monitoring secured debenture issues. This contributes to preventing malpractices such as multiple charge creation on a single asset, thereby bolstering investor protection and market integrity.

PDF Cognizant NSDL’s new blockchain platform protects bond investors