Banks tighten intraday funding for brokers; cost of institutional trades goes up: Sources
Banks have tightened intraday funding after a penalty was imposed on a private bank. Zee Business' Brajesh Kumar brings this report
Banks have tightened intraday funding after a penalty was imposed on a private bank. Zee Business' Brajesh Kumar brings this report.
Rules tightened on intraday funding:
- the tightening in rules has resulted in the increase in cost of institutional trades: Sources
- Banks have ended expoure of intraday trade of 80 per cent of the the brokers: Source
- The impact of tightening in intraday funding rules is likely to have an impact in Futures & Options (F&O) trades: Source
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- At least 50 per cent margin mandatory on intraday trade funding: Source
- The tightening in rules have been implemented after a Reserve Bank of India (RBI) penalty on Axis Bank: Source
- Many banks were indulging in intraday funding in violation of RBI rules: Source
- Certain banks were indulging in intraday funding by giving unlimited shares in the margin: Source
- The rule is that a bank can give intraday funding against liquid assets: Source
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08:59 PM IST