Motilal Oswal, Anand Rathi, Jio Financial, Angel one, Groww shares in focus today; here’s why The new rules for brokerage firms will be effective from April 1, 2026.
Shares of leading broking firms including JM Financial, Motilal Oswal Financial Services, Anand Rathi, Ugro Capital, Jio Financial Services, Angel One, and Groww (listed as Billionbrains Garage Ventures Ltd) are in focus today following a major regulatory update.
The spotlight comes after the Reserve Bank of India (RBI) introduced stricter norms mandating 100% collateral for broker funding, effectively shifting the industry toward a fully secured funding framework. The move is expected to significantly reduce reliance on unsecured promoter backing or corporate guarantees.
Under the revised guidelines, brokers must now maintain at least 50% collateral for guarantees issued to exchanges and clearing corporations, with a minimum of 25% in cash, which could lead to higher cash blockage and tighter liquidity conditions.
Additionally, the RBI has placed restrictions on bank funding for proprietary trading activities, allowing exceptions only in limited scenarios such as market making or debt warehousing.
The new regulations will come into effect from April 1, 2026, and are likely to have a notable impact on brokerage business models and funding structures going forward.
