Restructuring process likely to impact 350 employees of Sharekhan

Market sources said other brokerages are also looking to streamline their business models as market volatility, along with increasing competition, has taken a toll on earning yields

Sharekhan, which is one of the top five brokerages in India, is going through a restructuring process that could impact 350 employees. A spokesperson for BNP Paribas India said: “Our business is evolving to meet the more complex needs of clients, including through the provision of value-added advisory services, for which we have been hiring.”

“In line with our clients’ expectations, we have moved to provide more digital services. Through this digitalisation and restructuring, which will continue in a phased manner over the next few months, around 350 colleagues are impacted,” he added.

Market sources said other brokerages are also looking to