Here's the page you can visit regularly to view all that's new in this website.

Shri Vijay V. Raut appointed as Managing Director and Chief Executive Officer of CDSL

Shri Vijay V. Raut, Executive Director of Central Depository Services (India) Limited (CDSL) since October 2000, has been appointed as its Managing Director and Chief Executive Officer of CDSL with effect from December 8, 2005. Shri Raut brings to the office, a wealth of experience in banking and capital market-related entities encompassing banks, stock exchange, Clearing House and depository.

Shri Raut commenced his career with a 20-year stint in banking – first with Central Bank of India and later with Bank of India. His on-going tryst with the capital markets began in October 1990 when he was deputed by Bank of India to BOI Shareholding Limited, the Clearing House of the BSE. Shri Raut then joined the BSE in November 1994, where he functioned as General Manager in the Market Operations Department.

Shri Raut’s inning with CDSL commenced in December 1999 when he was deputed by the BSE to CDSL to assume charge of its day-to-day operations. Advancement was but a matter of months as he was appointed Executive Director of CDSL in October, 2000. During his tenure as Executive Director, Shri Raut brought to bear his considerable personnel management skills and an aptitude to elicit exceptional performances and service levels from business partners. In doing so, he nurtured CDSL from a fledgling organization to a mature, vibrant depository. His tenure has seen a tremendous increase in CDSL’s business in terms of securities admitted for demat, Depository Participant (DP) registrations and settlement transactions.

On his vision for the future, Shri Raut stated, “Over the years, CDSL has steadfastly pursued its stated stance of providing convenient, dependable and secure depository services to all classes of investors at a reasonable cost. This will continue to be our beacon. As a responsible and forward-looking market participant, we will welcome and implement all regulatory initiatives in our part of the securities market field. All our future endeavours will be aimed at making the “demat experience” efficient and economical for all investors.”