scorecardresearchRBI tells banks to discontinue collateral-free intra-day funding to brokers: Report

RBI tells banks to discontinue collateral-free intra-day funding to brokers: Report

Updated: 23 May 2022, 12:53 PM IST
TL;DR.
Half of such credits ought to be backed by FDs & marketable securities
Intra-day funding, better known as ‘daylight exposure’ enables brokers to tide over a few hours gap pending receipt of money from stock buyers

Intra-day funding, better known as ‘daylight exposure’ enables brokers to tide over a few hours gap pending receipt of money from stock buyers