<ul><li>Zerodha's CEO Nithin Kamath stated the company has not abandoned its goal of obtaining a banking license and continues to remain private due to a mismatch between its business model and public market demands.</li><li>He mentioned that Zerodha does not see the need for an IPO, pointing out the challenges of being listed on exchanges for a company like theirs.</li><li>Despite expecting a 10–20% decline in broking business tied to market activity, Zerodha aims for ₹10,000 crore in revenue by the end of FY26, with no planned changes to brokerage rates.</li><li>In a recent post, Nithin Kamath highlighted a discrepancy where KYC records show more investors from Tier 2 and 3 cities, but actual trading activity reveals a majority from top 20 cities due to users not updating their addresses post-migration.</li></ul>

‘Zerodha has not given up its aspiration to acquire banking licence’: CEO Nithin Kamath

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