Investor Issues
Investor accounts at NSDL, CDSL cross 2.25 crore

Total value of securities in dematerialised form at NSDL and CDSL stood at more than Rs121 lakh crore at the end of September, a rise of nearly 64% over the same period in 2013


India's two depositories, National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL) added over 10 lakh investor accounts since September 2013 to take the total number of investor accounts to 2.25 crore at the end of September 2014.


The total number of investor accounts at the depositories stood at about 2.15 crore in September 2013.


Individually, the total number of investor accounts at NSDL was 1.34 crore as of September-end 2014 as against 1.29 crore in the same period last year.


CDSL had as many as 91.23 lakh investor accounts at the end of September this year, a sharp jump from 85.60 lakh accounts in the year-ago period.


Together, the total number of investor accounts stood at 2.25 crore in September, an addition of 10.31 lakh accounts from the same month in 2013.


Month-on-month, the cumulative number of investor accounts in both the depositories rose by 1.7 lakh in September over the preceding month.


Meanwhile, data showed that the total value of securities in dematerialised form at the depositories stood at more than Rs121 lakh crore at the end of September, a rise of nearly 64% over the same period in 2013.


NSDL registered demat securities worth about Rs107.2 lakh crore while CDSL recorded demat value of more than Rs14 lakh crore on its platform, as on 30 September 2014.


Besides, the cumulative quantity of securities in demat form stood at Rs1.05 lakh crore in September as compared to Rs44,241 crore in the year-ago period.


The volume of demat securities on NSDL and CDSL stood at Rs86,185 crore and Rs18,870 crore, respectively as on September this year.


The number of investor accounts at the country’s two depositories — NSDL and CDSL — together stood at 2.25 crore at the end of September, an addition of more than 10 lakh investor accounts year-on-year.


NSDL and CDSL allow investors to deposit securities by opening an account. Securities like shares, debentures, bonds of investors are held in electronic form (dematerialised form) at the depositories.


The depositories hold investors’ securities in electronic form through their registered depository participants.


These securities include common equity shares, preference shares, debentures, mutual fund units, among others.


Warburg Pincus invests Rs1,200 crore in Kalyan Jewellers

Kalyan Jewellers has received Rs1,200 crore investment from private equity firm Warburg Pincus, in return for a minority stake


Private equity firm Warburg Pincus has invested $200 million (about Rs1,200 crore) in Kerala-based jewellery manufacturing and marketing firm Kalyan Jewellers. The PE firm would get a minority stake in Kalyan Jewellers in a deal that is largest PE investment in this segment in India.


The company is planning expansion of outlets both in India and abroad and is eyeing a revenue of Rs25,000 crore. With 55 exclusive outlets in India, across South India and Maharashtra, Gujarat, National Capital Region (NCR) and Punjab, Kalyan Jewellers is looking at expanding the number of exclusive outlets in existing markets as also foray into newer regions with emphasis on the North and the West of the country.


“Warburg Pincus’ investment in Kalyan Jewellers is the largest private equity investment into the jewellery industry in India,” Vishal Mahadevia, Managing Director and Co-head India, Warburg Pincus, said in a statement.


The company has been engaged in brand building exercise with top Bollywood actors Amitabh Bachchan and Aishwarya Rai Bachchan representing the brand nationwide, since 2012.


Founded in 1993 and headquartered in Thrissur, Kalyan Jewellers is into jewellery manufacturing and distribution.


How the uncertainty of Illness can be reduced

A healer must have a large heart coupled with a strong and well-trained head


Richard Smith, a former editor of the British Medical Journal, once wrote in an editorial about the poor communication skills of doctors in general and their incapacity to deal with the uncertainties in medicine. Doctors have been attempting to predict unforeseeable outcomes of their interventions. This oracular tendency among doctors is at the root of patients’ loss of confidence in doctors. If one is well and healthy at any given time, it is because of chance; on the contrary, if one is unwell, it is again because of chance.


The solution lies in training medical students to accept that doctors are fallible like anyone else and can make mistakes. Being honest about mishaps and sharing one’s joys and sorrows with the patient could ease the situation and enhance communication. The crux of the healing process is the coming together of two human beings: one who thinks he/she is ill and the other in whom the former has confidence. This coming together of two human beings, with mutual trust, is the summit of medicine from where all other aspects like diagnosis, therapy, future management, etc, follow. It is here that the patient gains confidence in his/her doctor.


In the past half century, technology has deified the medical profession, leading patients to expect the moon from their doctors. One of the reasons for the burgeoning consumer suits against doctors and hospitals in the West is precisely this. The holy doctor-patient relationship has become that of a seller and a buyer, resulting in market forces uprooting medical ethics. “Cure rarely, comfort mostly, but console always” was good Hippocratic advice. It is not what the doctor tells the patient that counts but what the doctor does that impresses the patient. Once the patient realises that his doctor does walk his talk, patient confidence is easily won.


William Osler said that a doctor needs two great qualities—imperturbability and aequanimitas. If the doctor can communicate well, diagnosis becomes a pleasure at the bedside. “If you listen to your patient long enough, he/she will tell you what is wrong with him/her,” wrote Lord Platt in 1949.


Confidence is built by the doctor’s ability to listen to the patient. Listening is a difficult art. Every medical student should be trained to master the art of listening. Henry David Thoreau wrote, “To affect the quality of the day—that is the highest of arts.” The art of listening to the patient is the capacity of the doctor to enhance the quality of the patient’s day.


Listening to the patient is not confined to listing the patient’s symptoms, past history, his social and family history. The crux of the art of listening is to understand a patient’s fears, his religious, spiritual and social beliefs, his cultural upbringing and, more than all that, even his irrational obsessions in terminal illnesses. Even if the doctor is a rationalist and thinks that medicine is a pure science, he/she will have to try and understand the irrationality of the patient’s thinking to respond to the patient satisfactorily.


Healing is universally possible while curing is rarely an attainable goal in medicine. A healer must have a large heart coupled with a strong and well-trained head. Combining humility and wisdom is not impossible, but it is difficult. A book that I’d recommend to doctors is On Doctoring by Richard Reynolds and John Stone (Simon and Schuster, New York).


My personal experience, since I first started seeing patients in 1956 as a medical student, has been that if I have a genuine interest in the patient’s welfare, the patient would have full faith in me. This matters a lot in the final outcome of illness, uncertainty notwithstanding. Faith heals.


(Professor Dr BM Hegde, a Padma Bhushan awardee in 2010, is an MD, PhD, FRCP (London, Edinburgh, Glasgow & Dublin), FACC and FAMS.)



Narendra Doshi

2 years ago

These important simple thoughts must be implemented more so by the General Practitioner/ Family doctor so frequently that it becomes the default procedure for them and it gets dissolved in their checkups..

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