New Reserve Bank of India lending rules increase funding costs for local proprietary traders. These changes require 100% collateral for bank guarantees, impacting domestic firms significantly. Foreign trading majors, however, can access cheaper overseas funding sources. This situation may allow foreign firms to capture a larger domestic market share. Domestic traders face a disadvantage compared to their well-capitalized international competitors.
SBI Funds Management sets IPO price band at Rs 545–574 for Rs 11,693 crore public offer
The anchor book will open on Monday, July 13. The IPO will open for subscription on Tuesday, July 14, and close on Thursday, July 16.