No striking impact of RBI funding curbs on prop traders: NSE

What happened: NSE's Sriram Krishnan said RBI curbs on bank funding for proprietary traders had no striking impact on prop volumes, as traders extended bank guarantees and issued corporate bonds. Key numbers: NSE Q2FY27 profit after tax fell 17% sequentially to ₹2,578 crore; revenue fell 13% QoQ to ₹4,067 crore; operating profit declined 14% to ₹3,079 crore. Why it matters: Krishnan said market participants found their own ways to cope with regulatory changes. He expects NSE's equity options market share to consolidate between 70% and 72% from 68% at the end of the September quarter.

NSE's Sriram Krishnan said RBI curbs on bank funding for proprietary traders had no striking impact on prop volumes, as traders extended bank guarantees and issued corporate bonds.

Krishnan said market participants found their own ways to cope with regulatory changes. He expects NSE's equity options market share to consolidate between 70% and 72% from 68% at the end of the September quarter.