Choice Equity Broking Private Limited is a member of BSE, NSE, MCX, MSEI and NCDEX along with being a depository participant with CDSL. To provide Traders “One Roof” services, we provide:
• Proprietary Trading Platform - Jiffy
• Panel of Expert Research Team
• Regularly engaged by Top Business Channels for Stock Market views
• Free Comprehensive Reports
• Trading / Investment Desk
• Portfolio Management Services
In our commitment towards creating wealth we have been “Nurturing Financial Excellence” for over 2 decades. Come, be a part of this journey.
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Choice Equity Broking Private Limited adheres to all Regulatory Rules and Compliances. We abide by everything laid down by SEBI so you remain stress-free. As India’s leading Brokerage Firm we aim to lead by example.
A combination of intensive analysis, exhaustive research by domain experts produces our research reports i.e. Fundamental Research Reports and Technical Research Reports. Now Invest/Trade in Stock Markets armed with reliable advice.
Strong core performance; NIM remains stable
NII growth picked up at 15.3 YoY in Q4FY22 as compared to average 7% YoY over the last three quarters. NII growth was mainly driven by the strong credit growth. NIM (domestic) improved by 25bps YoY & 1bps QoQ to 3.36%. Overall NIM improved to 3.12% v/s 3.11% in the previous quarter. Other income improved by 37% sequentially despite pressure from the treasury yield driven by strong fee income (39.6% QoQ). Other income, however, declined YoY basis due to high base boosted by one-off miscellaneous income. Operating cost remained contained (-1.0% YoY), while (34.5%) decline in P&C providing a strong boost to PAT.
Advances growth picks up led by retail & corporate book
Advances grew by double digit at 11.6% YoY (v/s average 7% YoY growth in past 3 quarters) on the back of retail (15.1% YoY) and corporate (6.4% YoY & 11.1% QoQ). Home loan grew by 11.5% YoY, auto at 3.7% YoY and other retail (includes xpress credit) at 24.4% YoY. As per the bank, credit growth is driven by healthy loan demand and pick up in the capacity utilization level in economy. Management emphasized to increase the bank’s credit market share. Deposits grew by 10.1% YoY & 5.3% QoQ and CASA share stood at 43.8%.
1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
3. Pay 20% upfront margin of the transaction value to trade in cash market segment.
4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide NSE circular no NSE/INSP/45191 dated July 31, 2020, NSE/INSP/45534 dated August 31, 2020, BSE Notice no. notice no. 20200731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020, MCX circular no- MCX/INSP/649/2020 dated September 07, 2020, NCDEX Circular no- NCDEX/COMPLIANCE-051/2020 dated- September 03, 2020 and other guidelines issued from time to time in this regard.
5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
*Only for those online clients who are opening accounts without any referral code
