CDSL Data Shows Over 48 Lakh New Demat Accounts Opened From July-September 2022

The consistent rise in the number of new dematerialized accounts in India shows that people here are increasingly involved in stock markets, according to Central Depository Services (India) (or CDSL), Asia's first and only listed depository, which opened 48 lakh Demat accounts in the July-September quarter of the financial year 2022-23.

Interestingly, CDSL became Asia's first and only listed depository to register 7 crore Demat accounts in the month of August 2022.

Last week, the depository revealed its audited and standalone financial results for the half-year period ended September 30, 2022.

The depository's consolidated total income increased 7% year over year to Rs 316 crore, while net income fell 8% to Rs 138 crore during the first half of 2022-23 (April-September), according to reports.

CDSL, in keeping with the spirit of Diwali, are committed to empower the Niveshaks (i.e., Investors) by offering services to help them to flourish into a #AtmanirbharNiveshak (Self-sufficient investor).We at CDSL are proud to announce our commitment to offering cost-effective, reliable, and secure internet services.Vora said that the company's profitable long-term strategy of investing in the latest technologies and strong infrastructure continued to strengthen the financial results during the second quarter.Investors today have the capability to hold, operate, and monitor their funds safely from their homes by using CDSL services.