Motilal Oswal, Anand Rathi, Jio Financial, Angel one, Groww shares in focus today; here's why

By Admin

16 Feb, 2026

Shares of leading brokerage and financial services companies including Motilal Oswal Financial Services, Anand Rathi Wealth, Jio Financial Services, Angel One, and Groww (listed as Billionbrains Garage Ventures Ltd) are in focus today following a major regulatory development by the Reserve Bank of India (RBI).

The new rules for brokerage firms will be effective from April 1, 2026, and are expected to significantly impact funding structures and liquidity management across the broking industry.

RBI Mandates 100% Collateral for Broker Funding

The RBI has mandated 100% collateral for broker funding, implying a shift toward a fully secured funding system. This move aims to reduce the dependence on unsecured promoter or corporate guarantees.

Key Implications:

• Broker funding must now be fully backed by collateral.
  
  

• Reduced reliance on unsecured guarantees.
  
  

• Greater emphasis on secured financial discipline.
  
  

This structural shift may increase compliance requirements and change how brokerage firms manage leverage and capital efficiency.

Higher Collateral for Exchange Guarantees

Another key change involves guarantees issued to exchanges and clearing corporations.

• A minimum 50% collateral will now be required.
  
  

• At least 25% must be in cash, increasing cash blockage.
  
  

This requirement may impact liquidity, as more funds will be tied up in regulatory compliance rather than being deployed for business expansion or operational activities.

Restriction on Bank Funding for Proprietary Trading

The RBI has also restricted bank funding for proprietary trading, except in limited cases such as:

• Market making
  
  

• Debt warehousing
  
  

This move is aimed at reducing systemic risk and speculative exposure within the financial ecosystem.

Why Brokerage Stocks Are in Focus

Given these regulatory changes, investors are closely monitoring stocks of:

• JM Financial
  
  

• Motilal Oswal Financial Services
  
  

• Anand Rathi
  
  

• Ugro Capital
  
  

• Jio Financial Services
  
  

• Angel One
  
  

• Groww (Billionbrains Garage Ventures Ltd)
  
  

The rules may affect revenue models, funding costs, and overall profitability, especially for firms heavily dependent on margin funding or proprietary trading activities.

While the long-term objective of the RBI’s move is to strengthen financial stability and risk management, short-term market reactions may be influenced by concerns around capital allocation and operational adjustments.

Effective Date

The new regulatory framework will come into force from April 1, 2026, giving brokerage firms time to restructure their funding and compliance mechanisms.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.