Comment on Understanding the new margin pledge system — effective Aug 1, 2020

Shankar Reddy commented on 15 Aug 2020, 11:27 AM

Dheeraj, I echo your views. I had the same thoughts. The instruction to the CDSL/NSDL and Brokerage firms to waive off the pledging charges or reduce the pledging charges to a bare minimum for existing pledged securities should have come from the SEBI when it announced mechanism for the new process. At least, this should have been implemented for the month of August. Unfortunately, SEBI ignored or lacked thinking in that direction.

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