National Securities Depository Ltd. (NSDL) has settled a regulatory proceeding with the Securities and Exchange Board of India (Sebi) by paying Rs. 15.57 crore, bringing closure to a long-standing compliance-related matter. The settlement, concluded under Sebi’s consent mechanism, allows the market infrastructure institution to resolve the issue without admitting or denying the findings. The development underscores the regulator’s continued focus on accountability and governance within capital market intermediaries.