Next major wave in retail broking will originate from smaller towns and villages: SEBI chief
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓SEBI chief Pandey said the next major wave in retail broking will originate from smaller towns and villages.
- ✓While many households know about market products, few invest.
- ✓To boost growth, SEBI plans to broaden product choices and improve corporate bond markets.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Today
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Tracing the evolution of the country's financial landscape from paper certificates and screen-based trading to dematerialisation and advanced online platforms, Pandey commended market participants for championing pioneering shifts.
India remains a global frontrunner, standing out as the first major market to settle trades on a T+1 basis, establish interoperable clearing corporations, and adopt upstreaming and downstreaming of client funds alongside the new pledge-repledge mechanism, he said.
Expanding market depth & reaching rural frontiers
Outlining the future blueprint for the financial sector, Pandey emphasised three key priorities: depth, trust, and technology. Although SEBI's investor surveys indicate that nearly two in three households are aware of securities market products, fewer than one in ten actively invest.
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