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?
この記事は Business Standard の December 07, 2023 版に掲載されています。
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この記事は Business Standard の December 07, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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