Financial Institution: Introduction and Definition

A financial institution (corporation) acts as an agent that provides financial services for its clients. Financial institutions generally fall under financial regulation from a government authority. Common types of financial institutions include banks, building societies, credit unions, stock brokerages, asset management firms, and similar businesses. Financial institutions provide service as intermediaries of the capital and …

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Financial Services

Financial services is a term used to refer to the services provided by the finance industry. Financial services is also the term used to describe organizations that deal with the management of money and includes merchant banks, credit card companies, consumer finance companies, government sponsored enterprises, and stock brokerages. Financial services is the largest industry …

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National Securities Clearing Corporation Ltd. (NSCCL) Clearing and Settlement

The NSE is a Mumbai-based stock exchange. It is the largest stock exchange in India and the third largest in the world in terms of volume of transactions. The National Securities Clearing Corporation Ltd. (NSCCL), a wholly owned subsidiary of NSE, was incorporated in August 1995. It was the first clearing corporation to be established …

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Depository System in India

Multi-Depository System: The depository model adopted in India provides for a competitive multi-depository system. There can be various entities providing depository services. Dematerialisation as against immobilization: The model adopted in India provides only for dematerialisation of securities. This is a significant step in the direction of achieving a completely paper-free securities market. Many of the …

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THE DEPOSITORIES ACT, 1996

In April, 1996 the governing board of SEBI approved the draft of SEBI (Depositories and Participants) regulations 1996. The Securities and Exchange Board of India notified these regulations on may 16, 1996. The Government of India in 1996 introduced in Lok Sabha. Format: HTML | Size: — Source: SEBI Read This Article

What is dematerialisation?

Dematerialisation is the process by which physical share certificates of an investor are converted to an equivalent number of securities in electronic form and credited into the investor’s account maintained with his/her depository participant (DP). It is like having a bank account where instead of money, you hold securities in your account. Format: HTML | …

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