India, Feb. 16 -- Shares of brokerages Groww and Angel One came under pressure during the intraday trading today after the RBI announced tightening of norms on loans against shares and credit facilities to capital market intermediaries.

While shares of Groww fell as much as 5%, Angel One's shares plummeted close to 10%.

The central bank announced the revised framework after market hours on February 13 (Friday). It has capped loan-to-value ratio for retail investors, limiting IPO financing to Rs.25 Lakh per individual and mandating stricter collateral and exposure norms for brokers.

These measures could curb leverage-driven trading and reduce speculative participation in equities. This may dampen near-term growth momentum for the two co...