Background

Securities Trading Corporation of India Ltd (STCI) was established in 1994 as a subsidiary of RBI with the objective of developing an active secondary market for GoI securities and public sector bonds. In 1996, STCI was authorized by RBI as one of the first Primary Dealers in India. In 1997, RBI divested a part of its holding in STCI which reduced its shareholding to 14.41%. In 2002, RBI sold its remaining shareholding in STCI to the existing shareholders. During 2007, the company hived off it is primary dealership business to its subsidiary STCI Primary Dealer Ltd. STCI is a registered Systemically Important-Non Deposit taking NBFC.

Business Profile

STCI’s primarily undertakes investment and loan activities. Under its loan business STCI grants loans to its customers against the collateral of equity shares and undertakes funding for subscription of shares offered by companies under IPOs. Under investment activities, the company runs a proprietary book in equity trading, fixed income securities and commodities futures trading. The company provides financial services for individuals, HNIs, firms and corporates.