Key Points
Kolkata, Jul 1 (PTI) Financial services company Eureka Group has acquired four stock broking firms and is in talks with two-three such entities as the brokerage industry is experiencing consolidation with rising compliance costs and shrinking margins, an official said...
The brokerage industry is facing a number of challenges, including shrinking margins and rising compliance costs..
He was speaking on the sidelines of Financial Conclave 2023 on Friday evening, where Kotak AMC MD and Group President Nilesh Shah, NSE Chief Business Development Officer Sriram Krishnan, NSDL Executive VP Prasant Vagal, Kedia Securities promoter Vijay Kedi were present.. Things have been really tough for firms which have failed to invest heavily in technology and are not able to bring in other financial services under a single roof to acquire clients, a promoter of a broking firm who merged with Eureka said on condition of anonymity..
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