New Delhi, May 6 -- Representatives of the Association of NSE Members of India (ANMI) met with central bank officials on Wednesday, seeking a relaxation of an imminent regulatory restriction on lenders funding capital market proprietary traders, arguing that not all such trades are speculative, according to a person aware of the discussions.
While Reserve Bank of India (RBI) officials heard out the ANMI delegation, they offered no commitment , he said, requesting anonymity.
While confirming the meeting, an ANMI official said, "A lot of things get discussed. It's unfair to be point-wise and specific about what is discussed or not." "With due respect, everything discussed in a closed room is not open to transmission everywhere," the offic...
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