This is not just CDSL but most MIIs (Market Infrastructure Institutions). Even BSE Ltd, which is an associate of CDSL has a similar issue. Employee and Management compensation has been consistently growing at a faster pace than Revenues. Shareholders of these institutions need to be more active in voicing their opinion regarding this. At the end of the day, every dime that is taken out is a dime less to shareholders.
Just my two cents.
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