Central Depository Services (India) Limited CC-Nov25.pdf · 2025-11-03
So, if I just look at the revenue booked under online data charges, traditionally, this has tracked the number of new demat accounts. But this quarter, the number of new demat accounts has grown about 14-odd percent, but the revenue booked under this line item is up about 30%. So could you just provide some color on exactly what's going on and what has changed qualitatively under the hood?
Just a follow-up. Wouldn't the pledge income and, say, transaction-related income be booked under different lines within the revenue accounts rather than online data charges?