Page 3 - Cdsl

CDSL Q4 result: Net profit doubles to Rs 129 cr, income up 86% at Rs 267 cr

Leading depository CDSL on Saturday said its net profit doubled to Rs 129 crore for the three months ended March 2024. It had posted a net profit of Rs 63 crore in the same quarter a year ago, Central Depository Services (India) Ltd (CDSL) said in a statement. Total income rose 86 per cent to Rs 267 crore in March quarter 2023-24 from Rs 144 crore in the year-ago period. For entire financial year 2023-24, the depository clocked a net profit of Rs 420 crore, marking a surge of 52 per cent from the preceding year. Total income stood at Rs 907 crore in FY24, a growth of 46 per cent. CDSL had over 11.56 crore demat accounts in March this year. "We remain committed to empowering market participants with digital services like ASBA, e-AGM, eDIS, and Margin pledge mechanism. These tools enhance capital market efficiency and security, and our sustained business and financial growth is a result of the trust placed in us by the stakeholders of the capital markets," Nehal Vora, MD & CEO ...

StanChart exits CDSL, sells stake; Maruti mcap breaches Rs 4 trn mark

The market capitalisation of passenger car major Maruti Suzuki India (MSIL) topped the Rs 4 trillion mark for the first time in intraday trade on Wednesday

Standard Chartered Bank sells entire 7.18% stake in CDSL for Rs 1,266 crore

Standard Chartered Bank on Wednesday sold its entire 7.18 per cent stake in Central Depository Services (India) Ltd for Rs 1,266 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Standard Chartered Bank offloaded 75 lakh shares of Central Depository Services (India) Ltd (CDSL). The shares were disposed of at an average price of Rs 1,688.64 apiece, taking the transaction value to Rs 1,266.48 crore. As of December 2023, Standard Chartered Bank had owned a 7.18 per cent stake in CDSL, shareholding data showed with the NSE. Details of the buyers of CDSL's shares could not be ascertained. Shares of CDSL plunged 5.58 per cent to close at Rs 1,689 apiece on the NSE.. In a separate transaction on the NSE, Chicago-based Equity International divested a 4.7 per cent stake in Samhi Hotels for Rs 209 crore through an open market transaction. Equity International through its affiliate company -- Blue Chandra Pte Ltd --

Aster DM, CDSL dip up to 7% after 10% equity changes hands via block deals

Aster DM sees nearly 10 per cent of its equity change hands, while 10.23 per cent equity of CDSL were traded in a black deal on Wednesday.

Stocks to watch on March 27: Aster DM, Adani Ports, CDSL, SpiceJet, L&T

Stocks to watch on March 27: SpiceJet on Tuesday said it had signed an agreement with aircraft lessor Export Development Canada (EDC) to settle liabilities worth Rs 755 crore

Better growth supports the case for small-caps in Asia: Jefferies

Small-caps in Asia, Jefferies said, have done well since 2001, with an excess return of 216 per cent versus the large-caps

Central Depository Services India to inspect Paytm Money's KYC process

Central Depository Services India (CDSL) may initiate inspection into Paytm Money's customer verification protocols following RBI's directives and regulatory actions against Paytm Payments Bank

CDSL launches multi-lingual support for a/c statement and chatbots

CDSL is the country's largest depository in terms of the number of demat accounts handled

BSE, CDSL, KFin Tech: Rally in exchange-related stks may halt, say analysts

BSE, CAMS, CDSL, KFin Tech: With market buoyancy to keep up the pace, the long-term view remains robust, but there is likely not much upside in the medium-term after the recent gains, analysts said

Sebi fines Rs 2 lakh on CDSL Ventures over delay in audit reporting

Capital markets regulator Sebi on Wednesday imposed a penalty of Rs 2 lakh on CDSL Ventures Ltd, a KYC registration agency, over delay in submission of the audit report. In addition, the entity failed to maintain segregation between cyber security services and infrastructure of itself and depository CDSL, which hit its KYC operations, according to an order passed by the regulator. The Securities and Exchange Board of India (Sebi) inspected CDSL Ventures Ltd to examine its compliance with the KYC Registration Agency (KRA) regulations. The period covered in the inspection was from January 2021 to December 2022. Based on the findings of the inspection, Sebi found certain non-compliances with KRA Regulations. In its order, Sebi found that CDSL Ventures did not submit the system audit report to it within the stipulated time period. Sebi has mandated that the system audit should be conducted once in a "financial year" instead of a "calendar year". The entity had submitted the system a

Britannia, CDSL, Polyplex among 5 low-risk stocks to add to your portfolio

Data Patterns (India) and Godfrey Phillips are the other two stocks which seem to be favourably placed on the charts, thus making a case for lower-risk at current levels.

Stocks to Watch on Aug 4: SBI, Zomato, Paytm, Airtel, M&M, Vedanta, GAIL

Stocks to Watch today, August 4: 2023: Food aggregator platform Zomato turned profitable for the first time ever in Q1FY24

India's demat tally tops 120 mn; June additions highest in 13 months

Benchmarks Sensex and Nifty50 logged fourth straight monthly gain in June, their longest since October 2021

BSE offloads 4.54% stake in CDSL at discount for regulatory compliance

Exchanges allowed to hold only 15% in depositories; BSE held nearly 20% in CDSL at the end of March qtr

CDSL tumbles 6% after over 5% equities change hands on NSE via block deals

Till 09:56 am; around 7.7 million shares, which represented 7.4 per cent of total equity of CDSL changed hands on the NSE, exchange data shows

CDSL demat tally tops 80 million, overall count crosses 111 million

2.2 mn new accounts added in January, highest since August last year

Top headlines: CDSL malware attack, removal of penal offences from GST law

Business Standard brings you the top headlines at this hour

CDSL malware attack hits broking ops; Sebi, Cert-in to probe incident

Brokering industry players said the disruption caused by the malware attack could have been more adverse if not for the weekend

CDSL detects malware in a few internal machines; settlements delayed

The official website of the securities depository remained non-functional and showed error till the filing of the story on Friday

Prakash Subramanian joins hedge fund Millennium Capital as India CEO

US-based company is looking to invest in India and is building a new management team in the country