Indian brokers' lobby seeks 6-month freeze on new RBI rules: Report

India’s brokers’ lobby has urged the Reserve Bank of India to defer its newly issued lending norms for six months, citing operational challenges.

Agencies
The appeal follows the RBI’s move to tighten bank lending rules for stock brokers and market intermediaries, raising concerns within the trading community.
India's brokers' lobby has asked that the Reserve ‌Bank ⁠of ⁠India's recently issued rules be kept in abeyance for ⁠six months, ‌according to a ⁠document reviewed by Reuters.

Last week, the country's central bank tightened norms ‌for bank lending to stock brokers ⁠and other market intermediaries.
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