Q3-FY26 · Vijay Chanduk
The journey is underway but the impact of onboarding does not come in the immediate quarter of onboarding. It typically takes at least 2-3 quarters before the scale up numbers are coming.
NATIONALSECURITIESDEPOSI / language trends
Read confidence between the lines.
National Securities Depository · tone and specificity signals across the available quarters.
Research layer active
Language signals
What changed in management language.
tracked
Q3-FY26 · Vijay Chanduk
While there has been deceleration in growth of demat accounts, we believe there is still a lot of room left to bring households into the market. This untapped majority represents a vast opportunity for players like us.
Q3-FY26 · Jigar Raval
The payments bank tends to have a high revenue principally because the way this business model is structured includes commissions payable to the business correspondent. So when you net that out, the contribution is what really is attributable to the bottom line.
Q4-FY26 · Vijay Chandok
We are very confident that this is an operating leverage business and if you do not invest in technology and people, we will be left behind.
Q4-FY26 · Jigar Shah
All new age brokers which were registered last year were onboarded as DPs with NSDL.
Q4-FY26 · Vijay Chandok
Our effort on all aspects of the business is to actually focus on quality and diversify as much as possible to minimize regulatory impact.