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National Securities Depository Ltd has reported an 8.4 per cent rise in consolidated net profit to Rs 90.3 crore for the March quarter of FY26. The company had posted a net profit of Rs 83.3 crore in the corresponding quarter of the previous fiscal. The total income grew 23.6 per cent to Rs 487 crore in Q4 FY26 from Rs 394 crore a year ago, the depository said in a statement on Friday. The board of directors has recommended a final dividend of Rs 4 per equity share (face value Rs 2) for FY26, subject to shareholder approval. For the full financial year ended March 31, 2026, NSDL's net profit rose 11 per cent to Rs 380 crore, and total income rose 8 per cent to Rs 1,660.2 crore. Separately, the company said it has launched the Women Demat Plan on April 1, offering a three-year waiver on settlement fees for new women account holders. The initiative aims to boost women's participation in capital markets by offering zero transaction fees, no age limit, and allowing joint accounts wher
Non-bank lender UGRO Capital's borrowing costs are higher than peers by 1.25 per cent, and the company will focus on reducing them in FY27, a top official has said. "Our focus is now to reduce our cost of borrowing. Our cost of borrowing is at least 1.25 per cent higher than that of our peers. So, the focus is to reduce that because if we don't reduce that, both the end customer, we cannot service well," the founder and managing director of small-business-focused lender, Sachindra Nath, told PTI. The company, which has grown its assets under management from around Rs 3,000 crore in 2020 to nearly Rs 15,000 crore in 2025, said the sharp expansion in recent years had necessitated higher liability mobilisation, impacting borrowing costs. "With the base now becoming large and growth expected to moderate, the demand for liabilities will also reduce. This will give us the flexibility to negotiate better rates," he said. He indicated that while its liability mix will broadly remain ...