Billionaire India Broker Says Margin Lending Surge Is ‘Scary’

Professional bearded man in white shirt working at a laptop in a brokerage office setting.
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1 min read • 42 words

Billionaire Nithin Kamath, founder of India’s second-largest stock broker Zerodha Broking Ltd., warned that the surge in his company’s margin-loan business may pose a risk if markets fall sharply even as the activity boosts revenue.

Portrait of a confident businessman sitting in an office under the sign 'BROKER'.
Image: Tima Miroshnichenko / Pexels

Source: Bloomberg