System Performance Challenges at NSDL

National Securities Depository Ltd. a company promoted by IDBI, UTI and NSE was set up under the provisions of Depositories Act passed by the Parliament in 1996 to set up India's first securities depository and pioneer the concept of Dematerialization in India. Subsequent to its success in pioneering this reform, NSDL also received a mandate to set up Tax Information Network (TIN) from Income Tax Department ITD) and was later nominated Central Record keeping Agency (CRA) by Pension fund Regulatory and Development Authority (PFRDA) for New Pension Scheme (NPS). It has through its fully owned subsidiary set up and manages National Skills Registry for IT/BPO companies and on-line transaction processing system for Special Economic Zones for the Ministry of Commerce and Industry.