30 Years Of Covering Mumbai
Home > Business > CDSL Crosses 10,000,000 Demat Accounts

CDSL Crosses 10,000,000 Demat Accounts

Wednesday, September 02, 2015
By A Business Reporter

The Central Depository Services (India) Ltd (CDSL) yesterday announced that the number of active demat accounts opened with it as at the end of August, 2015 has crossed 1 crore,  a significant milestone for CDSL in its operations. With an average incremental market share of 54% over a decade, CDSL commands an overall 42% market share in the total accounts opened in demat space. CDSL has the least cost structure for setting up of a large DP network which helped in spreading the demat culture across the country.

 Says N. Rangachary – Chairman, CDSL said “The advent of CDSL in the capital market has done what precisely the competition was expected to deliver: Nil custody charges, Nil charges for incoming securities into demat account, Reduction in tariff per debit transaction from ad valorem basis to 1/12th of a dollar (Rs. 5.50 per transaction), product innovation and above all substantial improvement in quality of service delivered by the DPs and Depositories in the Capital Market.” Thanks to the technological innovations, CDSL has the least cost structure which helped in spreading the demat culture across the country. According to P. S. Reddy – MD & CEO, CDSL said that “We are confident that in the years to come the dominance in the industry will be redefined and will be determined only by quality of service rendered, aided by constant adoption and upgradation of technology with a resilient infrastructure. CDSL shall continue to play its role as a Market Infrastructure Institution for greater financial inclusion driven by financial literacy across the country.”

No Comments Posted
City news
She told the police it was a robbery ...
The Bombay High Court on Monday stayed the ...
Ray of hope for 13-year-old, afflicted with rare ...
I fell in love with a girl when I was in class 11
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Select Sun sign:
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Meetings and negotiations will go in your favor but you need to be patient and that is precisely what you may find difficult to do. You need to be extremely careful of your conduct at work and not antagonize those who matter. In matters of personal relationships you need to be more tactful when dealing with a loved one that is having a difficult time.
Tarot for Love
Select Sun sign:
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)What the cards say: Uncertainties Path: Be reconciled. Don’t be impulsive or try to change your situation Ally: Virgo will be objective. Avoid the advice of Cancer who will justify anything Card for the week: Tarot key no. IX Justice. You will reap as you have sown. If you have been just you will reap benefits. In the same way if you have wronged then nemesis is on its way
- Advertising -
Embarrassing, troublesome... the list of negative
Before saying goodbye to the monsoon, push aside
It’s no revelation that a handful of dry fruits c
Read More