Sensex constituents like Bajaj Finance, Bajaj Finserv, Indusind Bank, State Bank of India (SBI) along with the HDFC twins – HDFC and HDFC Bank – gained ground post the RBI announcements.
The regional office of the National Cooperative Development Corporation (NCDC) at Dehradun organized Regional Cooperative Excellence and Merit Award function last week in the city and awards were given away
The regional office of the National Cooperative Development Corporation (NCDC) at Dehradun organized Regional Cooperative Excellence and Merit Award function last week in the city and awards were given away
Indian stockbrokers clocked stellar growth while the economy went into recession
A record 1.42 crore new demat accounts were opened in the country in 2020. Representational image. | Danish Siddiqui/Reuters
If stock brokering businesses were the benchmark for India’s economic success, no one would believe that the country is going through its worse financial crisis in decades.
Over the last year, as India struggled with Covid-19 outbreaks, the country’s economy went into a recession, the unemployment rate spiked sharply and thousands of households were pushed into poverty. Many small businesses are currently hanging by a thread.
Away from this gloom and doom, stockbrokers in India have raked in crores of rupees during the pandemic.