New Delhi: A day after the Reserve Bank of India (RBI), in which it postponed strict liquidity rules for three months, shares of BSE Limited and several brokerages firm such as Groww, Motilal Oswal Financial Services and Angel One jumped on Tuesday. The RBI RBI has deferred implementation of the Amendment Directions on Capital Market Exposures to July 1, 2026.
The RBI’s decision would provide significant relief to brokers and companies involved in margin trading.
On February 13, 2026, the RBI had issued the final Amendment Directions on Capital Market Exposure. The amendments were aimed primarily to:
- Provide an enabling framework for banks to finance acquisitions by Indian corporates
- Rationalise the limits for lending by banks to individuals against shares, units of REITs, InvITs, etc.
- Put in place a more principle-based framework for lending to capital market intermediaries (CMIs).
The Amendment Directions were to be effective from April 1, 2026.
“The Reserve Bank has since received representations from banks, CMIs, and various industry associations seeking an extension of the effective date, and also flagging certain operational and interpretational issues for clarification. On a review, based on further discussions with the stakeholders and on a review, it has been decided to extend the effective date of the said Amendment Directions by three months to July 1, 2026,” an official release stated.
BSE, Angel One , Groww shares jump
On Wednesday, the BSE Limited shares jumped 6.29 per cent to reach Rs 2,852.20 apiece at the time of writing this article. Motilal Oswal Financial Services stock gained 6.89% to Rs 676.35. Groww share traded with 4.8 per cent gain at Rs 157.29, while Angel One recorded a jump of 6.52% to Rs 243.63.
Earlier, global brokerage firm Jefferies had stated that if the new rules were implemented, BSE Limited’s earnings could decline by around 10%. The firm had opined that proprietary traders would need to maintain higher cash collateral, increasing their costs. However, later Jefferies said that although the strictness in collateral rules remains, relief has been given in financing available to market makers.
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