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The Economic Times

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What Nithin Kamath sees as the biggest risk for broking after Irdai shock

Zerodha co-founder Nithin Kamath said regulatory risk is the biggest threat for regulated financial businesses, citing IRDAIs proposed insurance commission changes. He warned that regulatory shifts affecting broking, F&O, client float and MTF can rapidly alter business economics and valuations.

24 Sep 2026 7:51 pm