Brokerages on a song with rising retail participation - The Hindu BusinessLine
Brokerages on a song with rising retail participation February 19, 2021 × From offering global stocks to facilitating AI-enabled services, stock brokers adapt to keep new investors in the market The Covid-19 pandemic brought every industry to its kneesin 2020, but one segment that not just beat the fever but was strongly up on its feet was brokerage. ICRA expects the broking industry to clock a record income of ₹27,500-28,500 crore in FY2021, registering 30-35 per cent growth (₹21,000 crore in FY2020) and beating the rating agency’s earlier estimate of ₹23,000 crore. Active retail ...