40% decline in broker strength; many morph into sub-brokers
- Posted on December 23, 2024
- By Financial Express
- 1 Views
40% decline in broker strength; many morph into sub-brokers
The number of brokers registered with the stock exchanges for the cash and derivatives segments has fallen from 8,269 in March-end 2021 to 5,091 in November 2024. In comparison, the number of demat accounts has risen over threefold from 55 million to 182 million in the same period.
