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Banking and Financial services ppt - Final copy.pptx

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Central Depository Services (India) Limited (CDSL) is India's first and only listed depository, established in 1999 and based in Mumbai. It is owned by the Securities and Exchange Board of India and various banks. CDSL provides depository services that allow investors to hold securities in electronic form, eliminating paper certificates. It offers internet-based access to demat accounts as well as e-voting and SMS alerts. To become a depository participant, an entity must meet eligibility criteria such as being a bank, financial institution, or stock broker with a minimum net worth.

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Type Central Securities Depository Traded as NSE: CDSL Industry Depository Services Founded February 1999 Headquarters Mumbai, India Key people [1] Nehal Vora, (Managing Director & CEO) [2] Owner Securities and Exchange Board of India, Ministry of Finance, Government of India Website www.cdslindia.com Type Central Securities Depository Traded as NSE: CDSL Industry Depository Services Founded February 1999 Headquarters Mumbai, India Key people [1] Nehal Vora, (Managing Director & CEO) [2] Owner Securities and Exchange Board of India, Ministry of Finance, Government of India Website www.cdslindia.com
CENTRAL DEPOSITORY SERVICES LIMITED [CDSL]  Central Depository Services (India) Ltd (CDSL), is the first listed Indian central securities depository and a division of the Securities and Exchange Board of India, Ministry of Finance, Government of India based in Mumbai  Central Depository Services (India) Limited (CDSL) was initially promoted by the BSE Ltd. which thereafter divested its stake to leading banks.  CDSL received the certificate of commencement of business from the Securities and Exchange Board of India (SEBI) in February 1999.  CDSL was listed on June 30, 2017 on the National Stock Exchange (NSE) through Initial Public Offer (IPO)and thereafter became the first and the only depository to get listed in Asia-Pacific region and second in the World.  The balances in the investors account recorded and maintained with CDSL can be obtained through the Depository Participant (DP). The DP is required to provide the investor, at regular intervals, a statement of account which gives the details of the securities holdings and transactions.
 The depository system has effectively eliminated paper-based certificates which were prone to be fake, forged, counterfeit resulting in bad deliveries. CDSL offers an efficient and instantaneous transfer of securities. Promoters/Shareholders CDSL is promoted by Bombay Stock Exchange Ltd (BSE Ltd). Other shareholders include HDFC Bank Ltd, Standard Chartered Bank and Canara Bank. Services of CDSL:  “easi” (electronic access to securities information), an internet based facility, allows Bos  to monitor their CDSL Demat account at a place and time of their choosing. easi also provides details of corporate announcements for ISINs held in their account as well as 25 additional ISINs.  “easiest” (electronic access to securities information & execution of secure transactions), an internet based facility, allows BOs to submit debit instructions through the internet, thus obviating the need of visiting their DP offices to submit instruction slips.  SMS alert facility SMART(SMS Alerts Related to Transactions) enables BOs registered for this facility to receive SMS alerts in case of any debits or credits related to corporate actions or any change in demographic details in their accounts  “e-Voting” is an internet based system ()through which shareholders can login and register their votes on company resolutions. The system processes and records votes automatically, which facilitates faster processing of voting results.
 M-Voting is a mobile application for e-Voting. The mobile app can be downloaded by shareholders on their android and iOS based mobile devices.  Myeasi Mobile App for BOs registered for easi or easiest. Myeasi Mobile App is designed with adaptive technology such that its fits in all Smartphones/tab screen size. Investors can log-in to the App using their easi/easiest log-in credentials. CDSL’s Myeasi app can be downloaded by Android and iOS based mobile devices.  Myeasi Mobile App for BOs registered for easi or easiest. Myeasi Mobile App is designed with adaptive technology such that its fits in all Smartphones/tab screen size. Investors can log-in to the App using their easi/easiest log-in credentials. CDSL’s Myeasi app can be downloaded by Android and iOS based mobile devices. In terms of the Depositories Act, 1996 and SEBI (Depositories & Participants) Regulations,1996, only the following entities are eligible to become a Depository Participant:  Public Financial Institution  Banks including Foreign Banks  State Financial Corporation  An Institution engaged in providing financial services promoted by above mentioned jointly and severally.  Custodian of Securities  Clearing Corporation or Clearing House of a Stock Exchange  Stock Broker
 Stock Broker  Non Banking Financial Company Threshold criteria for admission as a DP of CDSL:  Fulfillment of eligibility criteria laid down under Regulation 19, sub regulation (a) to (d) of the SEBI (Depositories and Participants) Regulations, 1996 and the admission criteria as enumerated in CDSL Bye-Law 5.2.  a) The minimum net worth requirement for a stock broker to become CDSL DP is 2 crores (INR).  b) A stock broker having net worth of not less than 1 crore (INR) may be admitted as CDSL DP under category 'Limited Depository Participant' subject to condition that they will increase the networth to atleast 2 crores (INR) so as to be at par with existing stock broker DPs in terms of networth requirement. Till such time the DP increases the networth to atleast 2 crores (INR) the DP under 'Limited DP' category will be permitted to open only upto 5000 accounts. Such networth is computed in the manner specified in the operating instructions issued by CDSL from time to time.  The application which is complete in all respects and satisfying the abovementioned threshold criteria shall be considered by the Membership Committee of CDSL on its merits.

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Banking and Financial services ppt - Final copy.pptx

  • 1. Type Central Securities Depository Traded as NSE: CDSL Industry Depository Services Founded February 1999 Headquarters Mumbai, India Key people [1] Nehal Vora, (Managing Director & CEO) [2] Owner Securities and Exchange Board of India, Ministry of Finance, Government of India Website www.cdslindia.com Type Central Securities Depository Traded as NSE: CDSL Industry Depository Services Founded February 1999 Headquarters Mumbai, India Key people [1] Nehal Vora, (Managing Director & CEO) [2] Owner Securities and Exchange Board of India, Ministry of Finance, Government of India Website www.cdslindia.com
  • 2. CENTRAL DEPOSITORY SERVICES LIMITED [CDSL]  Central Depository Services (India) Ltd (CDSL), is the first listed Indian central securities depository and a division of the Securities and Exchange Board of India, Ministry of Finance, Government of India based in Mumbai  Central Depository Services (India) Limited (CDSL) was initially promoted by the BSE Ltd. which thereafter divested its stake to leading banks.  CDSL received the certificate of commencement of business from the Securities and Exchange Board of India (SEBI) in February 1999.  CDSL was listed on June 30, 2017 on the National Stock Exchange (NSE) through Initial Public Offer (IPO)and thereafter became the first and the only depository to get listed in Asia-Pacific region and second in the World.  The balances in the investors account recorded and maintained with CDSL can be obtained through the Depository Participant (DP). The DP is required to provide the investor, at regular intervals, a statement of account which gives the details of the securities holdings and transactions.
  • 3.  The depository system has effectively eliminated paper-based certificates which were prone to be fake, forged, counterfeit resulting in bad deliveries. CDSL offers an efficient and instantaneous transfer of securities. Promoters/Shareholders CDSL is promoted by Bombay Stock Exchange Ltd (BSE Ltd). Other shareholders include HDFC Bank Ltd, Standard Chartered Bank and Canara Bank. Services of CDSL:  “easi” (electronic access to securities information), an internet based facility, allows Bos  to monitor their CDSL Demat account at a place and time of their choosing. easi also provides details of corporate announcements for ISINs held in their account as well as 25 additional ISINs.  “easiest” (electronic access to securities information & execution of secure transactions), an internet based facility, allows BOs to submit debit instructions through the internet, thus obviating the need of visiting their DP offices to submit instruction slips.  SMS alert facility SMART(SMS Alerts Related to Transactions) enables BOs registered for this facility to receive SMS alerts in case of any debits or credits related to corporate actions or any change in demographic details in their accounts  “e-Voting” is an internet based system ()through which shareholders can login and register their votes on company resolutions. The system processes and records votes automatically, which facilitates faster processing of voting results.
  • 4.  M-Voting is a mobile application for e-Voting. The mobile app can be downloaded by shareholders on their android and iOS based mobile devices.  Myeasi Mobile App for BOs registered for easi or easiest. Myeasi Mobile App is designed with adaptive technology such that its fits in all Smartphones/tab screen size. Investors can log-in to the App using their easi/easiest log-in credentials. CDSL’s Myeasi app can be downloaded by Android and iOS based mobile devices.  Myeasi Mobile App for BOs registered for easi or easiest. Myeasi Mobile App is designed with adaptive technology such that its fits in all Smartphones/tab screen size. Investors can log-in to the App using their easi/easiest log-in credentials. CDSL’s Myeasi app can be downloaded by Android and iOS based mobile devices. In terms of the Depositories Act, 1996 and SEBI (Depositories & Participants) Regulations,1996, only the following entities are eligible to become a Depository Participant:  Public Financial Institution  Banks including Foreign Banks  State Financial Corporation  An Institution engaged in providing financial services promoted by above mentioned jointly and severally.  Custodian of Securities  Clearing Corporation or Clearing House of a Stock Exchange  Stock Broker
  • 5.  Stock Broker  Non Banking Financial Company Threshold criteria for admission as a DP of CDSL:  Fulfillment of eligibility criteria laid down under Regulation 19, sub regulation (a) to (d) of the SEBI (Depositories and Participants) Regulations, 1996 and the admission criteria as enumerated in CDSL Bye-Law 5.2.  a) The minimum net worth requirement for a stock broker to become CDSL DP is 2 crores (INR).  b) A stock broker having net worth of not less than 1 crore (INR) may be admitted as CDSL DP under category 'Limited Depository Participant' subject to condition that they will increase the networth to atleast 2 crores (INR) so as to be at par with existing stock broker DPs in terms of networth requirement. Till such time the DP increases the networth to atleast 2 crores (INR) the DP under 'Limited DP' category will be permitted to open only upto 5000 accounts. Such networth is computed in the manner specified in the operating instructions issued by CDSL from time to time.  The application which is complete in all respects and satisfying the abovementioned threshold criteria shall be considered by the Membership Committee of CDSL on its merits.