(4) NSDL stands for NationalSecurities Depository Limited.It is an Indian central securitiesdepository based in Mumbai.It was established on 8 November1996 as the first electronicsecurities depository inIndia. NSDL is promoted by IndustrialDevelopment Bank ofIndia Limited (IDBI), UnitTrust of India and NationalStock Exchange of India Limited(NSE).