The Collateral Cover Must Be Maintained on an Ongoing Basis: RBI Tightens Lending Norms for Capital Market Intermediaries (Effective from April 1 ) The Reserve Bank of India (RBI) has introduced stricter prudential norms governing bank lending to Capital Market Intermediaries (CMIs) such as stockbrokers and clearing members. The move aims to strengthen systemic stability, enhance risk management, and ensure that banks’ exposure to capital market activities remains well-s