How do you see the broking industry's fortunes shaping up in 2024 and beyond?
While 2023 was the year of inclusion, we believe 2024 will be a year of consolidation and transition.
The number of demat accounts has trebled since 2018-19 (FY19) and crossed 132 million during November 2023. The retail brokerage sector's revenue has already doubled, from ₹14,000 crore in FY19 to ₹27,000 crore in the last financial year, according to a recent report.
The differentiator for 2024 and beyond lies in the exhaustiveness of services that brokerages offer. New players will emerge as leaders, and the market opportunity is too big for each one to have a fair share.
How big a threat are discount brokerages?
Esta historia es de la edición December 07, 2023 de Business Standard.
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Jay Shah takes over as ICC chairman
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CONSOLATION PRIZES
UN climate summit in Baku leaves the developing world with crumbs
SFBs: The canter on a chequered terrain
Segmental and geographical expansion, undergirded by strong and increasing presence in semi-urban and rural markets with large untapped potential, will help small finance banks (SFBs) clock robust 25-27 per cent growth in advances this financial year, just shy of 28 per cent in the previous year.
Now boarding
Governance premium is set to go up by many notches and banks will be put through the wringer, reports RAGHU MOHAN
