ICICI Securities - A Front Runner In Digital Initiatives, Says Motilal Oswal

ICICI Securities - A Front Runner In Digital Initiatives, Says Motilal Oswal

Traders work on the trading floor of the Motilal Oswal Financial Services Ltd. office in Mumbai, India (Photographer Vivek Prakash/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

To get an update on the business and sectoral trends, we interacted with the management of ICICI Securities Ltd. Here are the key insights -

In FY20, incremental National Stock Exchange active client market share for ICICI Securities increased by approximately 225 basis point to 11.5%. However, the same has seen some moderation in FY21 year-to-date.

FY20 market share gain was aided by a higher focus on ICICI Bank Ltd.’s affluent, privilege and higher-end customer engagement initiatives, including new terms with the bank for activation.

While over 95% of the customer onboarding process was ‘phygital’ (physical plus digital) prior to the Covid-19 outbreak, the sudden lockdown impacted customer acquisition, where discount brokers were better placed.

Click on the attachment to read the full report:

Motilal Oswal - ICICI Securities Company Update.pdf
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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