Broking revenues set to rise 20% to Rs 19,000 cr, says Icra

Healthy overall volume growth, increase in share of cash segment will contribute to growth

The broking industry could see as much as 20 per cent growth in revenues to Rs 19,000 crore in 2017-18, says rating agency Icra. Healthy overall volume growth and increase in the share of the cash segment will contribute to the growth, it says.

"Volumes are likely to grow by about 20-25 per cent in 2017-18, supported by positive investor sentiment and a benign capital market outlook. The initial public offer (IPO) pipeline for FY2018 is likely to further support retail participation on the exchanges. The higher yielding cash volumes are expected to receive a boost with a likely increase in