Page 4 - Cdsl

CDSL Q2 net profit falls 7% to Rs 80 cr, total income rises 3% to Rs 170 cr

Leading depository CDSL has reported a 7 per cent decline in its consolidated net profit to Rs 80 crore in three months ended September 2022. In comparison, the depository had posted a net profit of Rs 86 crore in the year-ago period, Central Depository Services (India) Limited (CDSL) said in statement. The company's total income rose by 3 per cent to Rs 170 crore during the period under review. The same stood at Rs 165 crore in the second quarter ended September 30, 2021. According to the company, 48 lakh demat accounts were opened in the September quarter of the current fiscal. "The financial performance this quarter continues to be strengthened by our sustainable long-term strategy of investing in the digital eco-systems and robust technology to provide all market participants an easy and secured platform," CDSL MD and CEO Nehal Vora said. CDSL facilitates holding and transacting in securities in the electronic form as well as settlement of trades on stock exchanges. It mainta

Will exit reconstruction scheme after lock-in period ends: YES Bank

The RBI has set three parameters for YES Bank before it can leave the reconstruction scheme

Irdai set to meet insurance CEOs on dematerialisation of policies

This initiative was started by insurance regulator a few years ago, but did not take off as the operational challenges and associated cost for insurers outweighed customer convenience

New milestone: Demat accounts surpass 100 million for the first time

The tally was less than 41 million before Covid-19 pandemic

Sebi panel to improve governance norms for market infra bodies

The committee is entrusted to make recommendations regarding the role played by the governing board and committees of MIIs

BSE, CDSL, MCX: Exchange-related shares poised for 14% upside, charts show

BSE stock is decisively claiming new all-time high; CDSL broke out of Double-Bottom formation, while IEX has witnessed an Inverse head and shoulder breakout.

CDSL becomes 1st depository with 60 million active demat accounts

Central Depository Services (India) on Tuesday said it now has more than six crore plus (60 million) active demat accounts.

Sebi grants recognition to CDSL Ventures as accreditation agency

CDSL Ventures is a wholly-owned subsidiary of depository CDSL

Nifty longs can be held with a stop at 17,200, recommends Vinay Rajani

The technical analyst from HDFC Securities expects CDSL and Polycab to perform well

Data breach at CDSL's KYC arm exposed 43.9 mn investors' details: CyberX9

A vulnerability at a CDSL subsidiary, CDSL Ventures Limited, has exposed personal and financial data of over 4 crore Indian investors twice in a period of 10 days, according to startup CyberX9.

CDSL glitch hits sell orders, brokers allow clients to skip authorisation

Market players said issue was with CDSL's portal used for authorising debit of securities from demat accounts. The system was set up last year to prevent misuse of power of attorney by brokers

Investors using Zerodha may face issues in selling stocks with CDSL

Investors of online brokerage house Zerodha on Monday said its users might face some problem while executing sell orders due to "an issue" related to depository CDSL. It tweeted, "You may face an issue with authorizing the sale of your stocks due to an issue with CDSL. We are in touch with CDSL to have the issue resolved at the earliest." "You can now skip CDSL authorisation if you wish to sell your holdings on Kite until CDSL resolves the authorisation issue. Please make sure to authorise your holdings by 5 PM," Zerodha said in another tweet. Central Depository Services (India) Limited (CDSL) has not commented on the issue. CDSL, which is one of the leading depositories, allows investors to deposit securities by opening an account in an electronic form (dematerialised).

NCLT Mumbai orders freeze of Videocon group promoters' assets

It has directed the erstwhile promoters of Videocon group to disclose in an affidavit their moveable and immovable properties/assets

HDFC Bank divests over 25% stake in CDSL for Rs 223 crore

HDFC Bank sold 23,11,000 equity shares of face value of Rs 10 each fully paid up held by the bank in CDSL through the secondary market route on the NSE

These five small-cap stocks may rally up to 45% in the medium-term

CDSL and NBCC have doubled so far this year, while Trident and JK Lakshmi Cement have gained 91 per cent each during the same period

Stocks to watch: Hero Moto, NMDC, HDFC Bank, Centrum Capital, VIL, CDSL

Two-wheeler maker Hero MotoCorp will hike its vehicle prices by up to Rs 3,000 from July to partially offset the impact of the higher commodity prices

Nifty needs to hold 11,600 for further up-move: CapitalVia Global Research

As per weekly option data, huge call writing on higher strikes ranging from 11,700 to 12,000 is witnessed which shows Nifty would face resistance in the zone of 11,800

CDSL IFSC branch in Gujarat gets recognition as foreign depository

The objective of the branch is to make IFSC the ''go-to'' location for global investors and be the preferred choice amongst the financial markets

CDSL reports 68% jump in profit after tax at Rs 48.87 cr for Sept quarter

In comparison, the depository had posted a profit after tax (PAT) of Rs 29.06 crore in the same quarter preceding fiscal, Central Depository Services (India) Limited or CDSL said in a statement

How to sniff and dodge financial scams and keep your wealth intact

Here are some tools that will help you detect a scam from a mile away and avoid touching one even with a 10-foot barge pole