Central Depository Services (India) (CDSL) has received approval from IFSCA for the formation of proposed subsidiary – CDSL IFSCA with an initial net worth of Rs 5 crore, which should be enhanced to Rs 25 crore within a period of 5 years keeping in view the operations.
CDSL was set up with the objective of providing convenient, dependable and secure depository services at affordable cost to all market participants.