Diversified revenue streams shield broking firms against policy shifts: Crisil
Feb 10, 2026
Diversification has emerged as the critical strategy for the broking industry to shield against policy shifts, with firms maintaining multiple revenue sources proving more resilient than standalone entities. According to a release from Crisil, this trend follows a proposed increase in the securities transaction tax (STT) on derivatives in the Union Budget 2026-27 and significant regulatory changes by the Securities and Exchange Board of India (SEBI).