BoI raises lending price by 10 foundation factors

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what is DMA (Direct Market Access)in the Indian share market?

What is DMA?

DMA, or Direct Market Access, is a service offered by stockbrokers that allows traders to place orders directly on the stock exchange’s order book. It eliminates the need for intermediaries, such as market makers or brokers, and provides traders with direct access to the market. This means that orders are executed faster and at potentially better prices.

How Does DMA Work in the Indian Share Market?

In the Indian share market, DMA is facilitated through the use of technology and trading platforms provided by stockbrokers. Traders can access the market through these platforms, which connect them directly to the stock exchange.

Benefits of DMA in the Indian Share Market

1. Speed and Efficiency: DMA enables faster order execution as orders are placed directly on the exchange’s order book. This can be particularly advantageous in volatile market conditions where every second counts.

Conclusion

DMA, or Direct Market Access, is a powerful tool that allows traders to directly access the stock exchange’s order book. In the Indian share market, DMA offers numerous benefits, including speed, transparency, control, lower costs, and access to real-time market data. By utilizing DMA, traders can enhance their trading experience and potentially improve their trading outcomes.

NEW DELHI: State-owned Financial institution of India (BoI) has introduced a hike in lending price by 10 foundation factors, a transfer which is able to make loans, together with retail, costly. The lending price enhance comes forward of the financial coverage announcement by the Reserve Financial institution of India on April 5. The brand new price can be efficient from April 1, BoI mentioned in a regulatory submitting on Saturday. The financial institution has elevated the mark-up by 10 bps from the prevailing stage of two.75 per cent to 2.85 per cent, and with the current repo price of 6.5 per cent, the repo-based lending price (RBLR) might be 9.35 per cent, it mentioned. In the meantime, in a separate submitting, one other public sector lender Indian Financial institution has hiked the lending price linked to base price and Benchmark Prime Lending Fee by 5 foundation factors. The brand new charges are efficient from April 3 within the case of the Indian Financial institution.

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