Who among the following can operate as a Depository Participant in India?
Who among the following can operate as a Depository Participant in India?
1). Foreign Banks operating in India with the approval of the RBI
2). Public financial organizations
3). Scheduled Commercial Banks
4). Both 1 and 3
1 answers
- A Depository Participant is an agent of the depository through which it interacts with the investors.
- Any public financial organization, state financial organizations, scheduled commercial banks, foreign banks operating in India with approval from the RBI, Clearing Corporations and Clearing Houses, NBFCs can register as DPs in India.
- Just like one can aval of the banking services from the branch of a bank, depository services can be accessed through a DP.
Other Questions
2. What is the name of the measurement index of Bombay Stock Exchange?
5. Which of the following is a preliminary registration document that needs to be filed with SEBI?
6. Securities include which of the following?
7. NBFCs is a company registered under the companies act in which year?
8. The minimum net worth stipulated by SEBI, required for a depository in India is ________.
9. The rights issue is generally used to get additional funding from which of the following?
10. Which among the following is an organization that holds securities in the dematerialized form?