Which of the following is NOT correct?
Answer & explanation
Correct answer: option 4
The correct answer is Option 4: All of the above.
National Securities Depositories Limited (NSDL) is the first and largest depository presently operational in India. NSDL was promoted as a joint venture of the IDBI, UTI, and the National Stock exchange.
The Central Depository Services Limited (CDSL) is the second depository to commence operations and was promoted by the Bombay Stock Exchange and the Bank of India