Banking Exam Question - What is C-ASBA in Share Market? How Does it Works? Explain in Brief

(Source: Abhiyan Daily)

Introduction to C-ASBA

C-ASBA is used if the user wants to apply the share through the Bank where as Mero Share can be used to apply IPO/FPO direct through Online staying at home.

One applicant can apply only once in a removal by C-Asba. This does not make the applicant repeat. The software will be canceled by the software for the same application as the applicant's account number, bank account number, citizenship and three-folders already in advance. But the bank and financial institutions accounting for the applicant should compromise with the CDS and clearing software. The amount of software used is not yet determined.

CDSC has developed C-ASA system (software) as per the Asset and Disclosure Directory-2074. In this directory, C-Asba has been said to be promptly in public (IPO) removal. However, when the delay is delayed, the investors are demanding a quick service to the CDSC. "If the investors are charged instead, the C-ASA system is asking for speed," said CDSC sources.

C-ASBA software provides centralized exclusion services from all locations attached to the entire removal process. CDSC examined this software from some bank and financial institutions in the public removal of Himalayan Power Partner.