Discount brokerages, such as Zerodha and Groww, will be impacted the most by the recent regulatory moves to curb investors' derivatives play, domestic rating agency Crisil said on Tuesday.
The agency's director Subha Sri Narayanan said up to 80 per cent of a discount broker's revenue comes from derivative trades, while for the full-service brokerages, the same is under a third of the revenues.
"With a relatively low proportion of other revenue streams currently and the more stringent eligibility criteria for retail customers now... Читать дальше...