New RBI guidelines effective April 1, 2026, mandate 100% collateral for bank funding to capital market intermediaries, including significant cash margins. This will likely push equity brokers towards bond markets and commercial papers, increasing funding costs and potentially impacting sector profitability and market liquidity.
Dinesh Kumar Khara says RBI’s new guidelines balance customer protection and growth
New RBI regulations will significantly alter how banks sell financial products, fund acquisitions, and lend to market intermediaries. Former SBI Chairman Dinesh Kumar Khara believes