印度中央银行将需要从2026年4月开始向经纪人提供银行贷款的全部抵押品,禁止无担保融资和促进者担保。 India’s central bank will require full collateral for bank loans to brokers starting April 2026, banning unsecured funding and promoter guarantees.

印度储备银行将要求从2026年4月1日起所有银行资金100%抵押给经纪人,终止无担保贷款和促进者担保。 The Reserve Bank of India will require 100% collateral for all bank funding to brokers starting April 1, 2026, ending unsecured loans and promoter guarantees. 银行不能为经纪人的专有交易提供资金,尽管市场创造和短期债务仓储仍然允许实行严格的差价管制。 Banks cannot finance brokers’ proprietary trading, though market-making and short-term debt warehousing remain allowed with strict margin controls. 抵押品必须包括至少25%的现金,股票股份必须剪掉40%的发型。 Collateral must include at least 25% cash, with equity shares subject to a 40% haircut. 所有资本市场贷款都将计入银行的风险限度。 All capital market lending will count toward banks’ exposure limits. RBI还提议允许银行在严格的条件下向SEBI管制的REIT公司提供银行贷款,预期在2026年7月1日前实施。 The RBI also proposes allowing bank loans to SEBI-regulated REITs under strict conditions, with implementation expected by July 1, 2026.