Even as trading volumes on the bourses have been stagnant for the past several months, many retail stock broking firms are gradually reviving their expansion plans which had been put on hold during the stock market downturn.
These brokerages are plodding cautiously, as retail participation is yet to pick up in a big way. Some large firms are expanding by setting up their own branches, while others are looking at the sub-broker route to increase their presence.
“We will continue to expand through our own branches, sub-broker and online route,†says D Kannan, managing director, Kotak Securities, adding that the mix will depend on the location where they are looking to expand. For instance, in a remote location, Kotak Securities may choose to have one branch and about half-a-dozen franchisees. Read more.
