Update | February 16, 17:58 IST Shares of Groww ended today’s trading session 1.76% lower at ₹170.05. Meanwhile, Angel One’s shares dipped 4.38% to end the day at ₹2,575.55. Original | February 16, 14:44 IST Shares of brokerages Groww and Angel One came under pressure during the intraday trading today after the RBI announced tightening of norms on loans against shares and credit facilities to capital market intermediaries. While shares of Groww fell as much as 5%, Angel One’s shares plummeted close to 10%. The central bank announced the revised framework after market hours on February 13 (Friday). It has capped loan-to-value ratio for retail investors, limiting IPO financing to ₹25 Lakh per individual and mandating stricter collateral and exposure norms for brokers. These measures could curb leverage-driven trading and reduce speculative participation in equities. This may dampen near-term growth momentum for the two companies and weigh on their share price. For loans to capital markets intermediaries, 100% collateral requirement for funding (out of which 50% must be cash for MTF) and 40% haircut on shares for collateral value calculations may reduce bank funding access and result in high trading cost for brokers, brokerage firm JM Financial said. “Among retail… Read MoreInc42 Media
