NSE cracks down on margin funding from NBFCs, move may hit volumes

Mumbai: In a major crackdown on margin funding, the National Stock Exchange has asked all the traders not to sign any agreement or arrangement directly or indirectly between their clients and non-banking financial companies (NBFCs) to fund secondary market transactions or margin requirements.To skip the Securities Exchange Board of India’s (Sebi) norms on margin funding, several brokers entered into indirect arrangements with NBFCs or their