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VIJAY PANJWANI

Learning is a key to... • 1d

New RBI Rules for Brokers – Big Change for Markets! The Reserve Bank of India (RBI) has tightened rules on bank funding to brokers (effective April 1, 2026). 🔹 Old Rules: • Partial collateral allowed (FD + promoter guarantee) • Proprietary trading funding allowed • Flexible LTV norms 🔹 New Rules: • ✅ 100% secured funding mandatory • ❌ No bank funding for proprietary trading • 📉 40% haircut on equity collateral • 📊 Clear LTV limits introduced 💥 Impact: • Lower leverage in market • Short-term drop in speculative volumes • Strong brokers benefit • More stable financial system long term 👉 Less leverage = Less risk = Stronger market foundation.

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