Comments
To reach closer to investors, BSE plans to adopt new technology and expand its distribution mechanism, Mr Madhu Kannan, MD and CEO of BSE, said.
Addressing management students of the Institute of Management Technology (IMT) here, he pointed out that hardly two per cent of the Indian population participate in the capital market, with the rest going for traditional investments such as gold, real estate and insurance.
“More than 90 per cent of Indian population is interested in risk-free investments and are not willing to park their funds in stock markets. In the US, 90 per cent of the investing populations participate in capital market. Financial products need to be distributed the way FMCG companies market their products,” he said.
He said the time was not ripe for consolidating all the stock exchanges in India into one. BSE spends each year Rs 60-70 crore on technology.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.