Consolidation among brokers set to gain ground with new compliance norms

The top 10 brokers by active clients from a group of 256 brokers account for nearly 71 per cent of the client base, NSE data shows

Topics
Stock broking | Markets

Ashley Coutinho  |  Mumbai 

Consolidation among brokers is set to accelerate as new compliance requirements kick in and select players bulk up on market share. The top 10 brokers by active clients from a group of 256 brokers account for nearly 71 per cent of the client base, data collated from NSE shows.

The top 20 account for an 83 per cent share (75 per cent as of March 20 and 70 per cent as of March 19). “Smaller brokers will find it difficult to gain market share or grow because of the new margin norms. The entry barrier will be higher because of the surge in compliance costs, which will stop the ...

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First Published: Tue, November 24 2020. 16:33 IST
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