Mumbai, Feb 9 (PTI) The Central Depository Services Ltd (CDSL) on Thursday said the number of active demat accounts on its platform has crossed the 80 million (8 crore) mark.

This makes CDSL, Asia's first and the only listed depository, also the country's largest depository in terms of active demat accounts.

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CDSL Managing Director Nehal Voral said that crossing the 8 crore active demat accounts would not have been possible without the guidance of the regulator and the constant support of the market infrastructure institutions and market intermediaries.

CDSL, which began operations in February 1999, facilitates holding and transacting in securities in the electronic form and facilitates settlement of trades on stock exchanges.

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Its major shareholders are the BSE, Standard Chartered Bank, PPFAS Mutual Fund, LIC and Canara Bank.

The subsidiaries of CDSL include CDSL Ventures, which is the first and the largest KYC Registration Agency since 2008, with over 4.5 crore records; CDSL Insurance Repository and CDSL Commodity Repository.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)