National Securities Depository Ltd (NSDL)

Mumbai, India

National Securities Depository Ltd (NSDL) is a leading Indian securities depository that holds securities such as shares, bonds, and mutual funds in electronic form. Established to promote the development of the capital market in India, NSDL offers various services including dematerialization, safe-keeping, and settlement of securities. The company plays a pivotal role in facilitating the trading and settlement process for investors and institutions, significantly increasing the efficiency and transparency of transactions.

CCI Score

-28.11

June 9

Latest Event

NSDL Settles Regulatory Case with SEBI

NSDL paid Rs 3.12 crore to the Securities and Exchange Board of India to settle allegations of depository rule violations, including failure to resolve participant grievances in the mandated timeframe. The settlement was reached without an admission or denial of facts, raising concerns about the company’s commitment to ethical business practices.

Take Action

So what can you do? It's time to make tough choices. Where will you cast your vote?

Shop Alternatives SEE ALL: Geojit

KBW

Geojit
Use Your Voice OTHER TOOLS
Investigate
Share the Score SUPPORT CCI

ACCOMPLICE

National Securities Depository Ltd (NSDL) is currently rated as an Accomplice.

-20 to -29 CCI Score

These companies profit from authoritarian practices through their business dealings. Although they may not be directly enforcing oppressive policies, their actions contribute to the economic and operational sustenance of authoritarian regimes.

Latest Events

OCT

14

2024

NSDL Settles Regulatory Case with SEBI
-28.11

NSDL paid Rs 3.12 crore to the Securities and Exchange Board of India to settle allegations of depository rule violations, including failure to resolve participant grievances in the mandated timeframe. The settlement was reached without an admission or denial of facts, raising concerns about the company’s commitment to ethical business practices.
-30

Business Practices and Ethical Responsibility

June 8

NSDL’s settlement by paying Rs 3.12 crore to SEBI highlights a failure in adhering to prescribed depository rules and timely grievance resolution, reflecting poorly on its business practices and ethical responsibility. Although the settlement avoids an admission of wrongdoing, the underlying issues signal a disregard for compliance that negatively affects trust and operational transparency.

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