The account addition momentum is very much intact. Another month with >15lakh new accounts. Total accounts added during the year has exceeded 2 Crore translating to about 17 lakh new accounts per month – while this is significantly below last year’s average monthly account addition of 25 lakh, the trend is reasonable and seems to be sticky around 15 lakh per month currently.
The live company addition is about 2000 for the year (18,268 as at end of March 2022 against 20,232 as at 31 March 2023).
AJ
Disclosure: Remain invested.
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