A BULL MARKET of more than four years that has seen around 4 million demat accounts being added every month between April and December has also witnessed a 40% decline in the number of brokers.
The numbers speak for themselves: The number of brokers registered with the stock exchanges for the cash and derivatives segments has fallen from 8,269 in March-end 2021 to 5,091 in November 2024. In comparison, the number of demat accounts has risen over threefold from 55 million to 182 million in the same period.
“Due to the increasing levels of regulatory compliance, need for constant innovation and investments in technology, many regional-level stock brokers are finding it better to register as an authorised person for a large stock broker and serve its clients,” Sandeep Chordia, chief operating officer at Kotak Securities, said.
Esta historia es de la edición December 23, 2024 de Financial Express Mumbai.
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Esta historia es de la edición December 23, 2024 de Financial Express Mumbai.
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