The survey also found that almost 86 per cent of brokers consider technology as an important factor for their businesses by 2020 and 79 per cent of them are currently active investors in technology
Sources say the issue is not limited to just Karvy Stock Broking, with over three dozen more brokers under lens for misappropriating client funds to the tune of Rs 10,000 crore
India is hardly immune to the global trend of sliding fees and trading commissions.
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ED and Directorate of Revenue Intelligence have detected a significant increase in the outflow of Indian money, specifically into four countries--Thailand, Dubai, Singapore and Hong Kong
Earlier, the deadline to square-off these trades was August 31, 2019, if the client was unable to meet the payment obligation
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High regulatory expectations and advent of discount broking have made old-style brokerage businesses unviable
Analysts say 'Jio'fication of broking is gaining pace as customers are lured by low-cost options
Brokers have demanded an increase of limit of investment, exemption of interest from levy of GST and abolition of stamp duty on stock exchange transactions
Brokers, in general, have been hit hard by dwindling cash market volumes
Brokers now have a better back-end system in place and regulators have tightened the screws on compliance requirements
Brokers should be prodded to make efforts to educate their workforce, especially frontline staff
Objective of the move is to use automation to maximise trading profits
Broking revenues have dipped 8% in FY16, says Icra
Several brokers who had enrolled during the exchange's membership drive in January 2013 are surrendering their membership licences