6 HDFC Securities Ltd (hSL) was founded in April 2000 as a subsid- iary of hDFC bank, India’s second-largest private sector bank. In 2004, hSL deployed a high-performance online trading solution for retail investors, built using the complementary securities trading and securities process- ing modules of t CS baNCS. Since then, hSL has built a successful business on the foundation of t CS baNCS, benefitting from successive deployments of new f

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