Revised RBI norms on bank guarantees could squeeze proprietary traders by sharply reducing leverage and raising funding costs, potentially hurting derivatives trading volumes. Analysts say the move, along with higher STT, may weigh on the valuations of exchan…
A Reserve Bank of India clampdown on bank guarantees threatens to squeeze the proprietary traders powering Indias derivatives market, putting trading volumes and the rich valuations of NSE, BSE and M…