CRISIL expects 25% hit on discount brokers' PBT over regulatory changes
Business Standard|October 09, 2024
A raft of regulatory measures by the Securities and Exchange Board of India (Sebi) is expected to hit the profitability of brokerages, particularly those operating the discount model. The estimated hit could be around 25 per cent of their profit before tax (PBT), said CRISIL Ratings in a note on Tuesday.
KHUSHBOO TIWARI

On the market regulator's mandate on uniform transaction charges or true-to-label norms, exchanges have removed the rebate benefit available to discount brokers in the previous slab-wise rates. The new norms have come into effect from October 1.

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