Comment on On the Karvy Issue
commented on
26 Nov 2019, 07:54 PM
There are working capital requirements. For example – funds transferred using the payment gateway is settled with us only on T+1 day, but we provide the margins instantly to customers. Intraday leverage is provided using this. We were using it for prop trading, but we have stopped that now. And like I have mentioned in the post, we intend to start margin funding soon, it has been delayed for quite a bit now. The delay in a way has helped us as we can do margin funding the way SEBI wants after the new circulars.