Why zerodha still not offer lending programme , like margin funding Etc
RBI given license already to zerodha
Hey, there’s more to starting a business than just getting a license. The markets in India are heavily regulated. While the regulations are to protect the interest of the investors, it also means that brokers don’t get a free hand to build platforms and are always required to obtain approvals - procedural approvals, tech approvals everything. With the Loan against Securities (LAS) product, different regulators like RBI, SEBI, Exchanges, Depositories are involved. Bulk of the work on the LAS module was completed after which SEBI released this circular that changed the entire process in which NBFCs operate. We are in the process of reworking the entire flow, we’ll let you know once it’s to go live.
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