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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
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).