Bank-Backed Broker on WebNotes

HDFC Securities

Mon, 11 May 2026 00:00:00 +0000

HDFC Securities Limited is an Indian stockbroking and financial services company incorporated in 2000 and headquartered in Mumbai, Maharashtra. It is a wholly owned subsidiary of HDFC Bank Limited, India’s largest private-sector bank by assets as of 2026. HDFC Securities provides equity trading, equity and currency derivatives, commodity derivatives, mutual fund distribution, insurance, bonds, fixed deposits, and portfolio management through the hdfcsec.com platform and via a 3-in-1 account that integrates an HDFC Bank savings account, HDFC Securities trading account, and demat account. The company is not separately listed on any stock exchange.

ICICI Direct

Mon, 11 May 2026 00:00:00 +0000

ICICI Direct is the retail stockbroking and financial services brand of ICICI Securities Limited, a publicly listed Indian financial services company and a subsidiary of ICICI Bank Limited. ICICI Securities was incorporated in 1995 and launched the icicidirect.com online trading platform in 2000, making it one of the first internet-based stockbroking services in India. The company is listed on NSE and BSE under the ticker ISEC (NSE) and BSE code 541179, having completed an IPO in March 2018. ICICI Direct offers the broadest product range among Indian retail brokers, covering equities, fixed-income instruments, insurance, loans against securities, and research, underpinned by a 3-in-1 account integration with ICICI Bank that links a savings account, trading account, and demat account into a single platform. As of early 2026, ICICI Securities is the largest full-service broker by registered demat accounts, though its NSE-active client count is lower than discount brokers such as Groww, Zerodha, and Angel One, reflecting its higher-cost structure and older, less active client demographic.

Kotak Securities

Mon, 11 May 2026 00:00:00 +0000

Kotak Securities Limited is an Indian stockbroking and financial services company incorporated in 1994 and headquartered in Mumbai, Maharashtra. It is a wholly owned subsidiary of Kotak Mahindra Bank Limited (NSE: KOTAKBANK; BSE: 500247), one of India’s largest private-sector banks. Kotak Securities provides retail and institutional equity broking, equity and currency derivatives, commodity broking, mutual fund distribution, and portfolio management under a full-service model, with a flat-fee offering under the Kotak Neo plan launched to compete with discount brokers. Kotak Securities is not separately listed on any stock exchange; its parent Kotak Mahindra Bank is listed.

SBI Securities

Mon, 11 May 2026 00:00:00 +0000

SBI Securities Limited (formerly SBI Cap Securities Limited) is an Indian stockbroking and financial services company promoted by the State Bank of India (SBI), the country’s largest public-sector bank. Incorporated as SBI Cap Securities Limited, a subsidiary of SBI Capital Markets Limited (itself a wholly owned subsidiary of SBI), the company was subsequently renamed SBI Securities Limited to simplify its retail-facing brand. Headquartered in Mumbai, Maharashtra, SBI Securities provides retail equity trading, equity and currency derivatives, commodity derivatives, mutual fund distribution, portfolio management, IPO services, and depository participant services through a 3-in-1 account model linking an SBI savings account, trading account, and demat account within the SBI Yono (You Only Need One) digital banking ecosystem.