Capital market exposures (CME) by regulated entities (REs) carry higher risk and are therefore subject to sectoral exposure limits, purpose-specific lending caps, and loan-to-value (LTV) ratios. CME includes both direct exposures (investments in securities) and indirect exposures (lending against securities, financing to capital market intermediaries like stockbrokers and custodians). The existing guidelines have been reviewed to align with evolving market practices and provide a more enabling framework for bank financing of CME. The feedback and comments from stakeholders are invited.(Link: Draft Directions Dated 24/10/2025, Press Release)