RBI’s April 1 Broker Rules: Understanding 40% Haircuts and Cash Mandates
The Reserve Bank of India (RBI) has introduced new broker rules effective April 1, 2026, which are set to reshape the way traders, brokers, and market participants operate in India’s capital markets. These rules, centered around 40% haircuts on pledged securities and cash-only mandates for certain collateral requirements, are designed to strengthen financial stability, reduce…