• Dr. Shree Bhagwat
• rRitesh Omre

In India, Depository system was started in June (1996). It was initiated by Stock Holding Corporation of India Limited (SHCIL) in July,1992. A depository is an organisation for financial services where the securities of shareholders are held in electronic form. A depository interfaces with its investors through their agents called depository participants (DPs). The main objective of depository is to reduce settlement risk by minimizing the huge paper work. At present there are two depositories NSDL & CDSL are working in India. The present study is an attempt to know the role and growth of their depositories in Indian capital market for 22 years (i.e. from March,1997 to June,2018). On the basis of results, it is concluded that number of beneficiary accounts, number of companies for Demat, number of depository participants, number of depository participants centres, quantity of Demat shares and value of Demat shares of depository organisations. This paper is divided into six sections namely, Introduction, Research Methodology, Role of Depositories, Growth and Comparison of NSDL & CDSL, Findings, and Conclusion.

National Security Depository Limited (NSDL), Central Depository Services (India) Limited (CDSL), Dematerialisation, Indian Capital Market, Depository, Depository Participants (DPs)

"A STUDY ON INDIAN DEPOSITORY SYSTEM GROWTH & ROLE IN INDIAN FINANCIAL MARKET", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 7, page no.266-280, July-2018, Available :http://www.jetir.org/papers/JETIR1807641.pdf

"A STUDY ON INDIAN DEPOSITORY SYSTEM GROWTH & ROLE IN INDIAN FINANCIAL MARKET", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 7, page no. pp266-280, July-2018, Available at : http://www.jetir.org/papers/JETIR1807641.pdf