CDSL-backed subsidiary goes live with UIDAI as a local Authentication User Agency (AUA)

On NSE, CDSL closed at Rs623 per piece up 0.6%.

Feb 26, 2021 04:02 IST India Infoline News Service

The Central Depository Services (India) Limited on Friday announced that wholly-owned subsidiary  CDSL Ventures has received approval to go live from the competent authority as a local Authentication User Agency (AUA)/e-KYC User Agency (KUA) with UIDAI.

CDSL Ventures handle the work of "Customer profiling and Record-Keeping" for issuance of Know Your Client (KYC) acknowledgement to mutual fund investors.

On NSE, CDSL closed at Rs623 per piece up 0.6%. The stock has hit a new 52-week high of Rs638 per piece on the exchange despite bearish markets.

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