Description

NSE has issued a revised list of securities eligible under the Securities Lending and Borrowing Scheme (SLBS), containing over 214 symbols including major indices ETFs and large-cap stocks.

Summary

NSE has published a revised Annexure I listing securities eligible under the Securities Lending and Borrowing Scheme (SLBS). The updated list contains over 214 symbols (the provided extract covers up to CONS) spanning equities, ETFs, and other instruments across various sectors including banking, pharma, energy, FMCG, and infrastructure.

Key Points

  • The revised SLBS eligible securities list (Annexure I) has been issued by NSE under circular CMPT73944.
  • The list includes over 214 securities, covering major blue-chip stocks, sectoral ETFs, and liquid funds.
  • Securities span a wide range of sectors: banking (AXISBANK, BANKBARODA, BANDHANBNK), pharma (AUROPHARMA, ALKEM, CIPLA), energy (ADANIPOWER, ATGL, BPCL), FMCG (BRITANNIA, COLPAL, BATAINDIA), and infrastructure (ADANIPORTS, CONCOR, COCHINSHIP).
  • Multiple ETFs are included, covering indices such as Nifty Bank, Nifty 50, BSE 500, and sectoral indices.
  • Adani Group companies (ADANIENT, ADANIGREEN, ADANIPORTS, ADANIPOWER, ADANIENSOL) are included in the eligible list.

Regulatory Changes

This circular represents a routine revision to the list of securities permitted for lending and borrowing under SLBS. Any securities added to or removed from the prior list would be subject to the updated Annexure I from the effective date of this circular.

Compliance Requirements

  • Market participants (borrowers and lenders) must refer to the updated Annexure I when initiating SLBS transactions.
  • Trading members and custodians should update their systems to reflect the revised eligible securities list.
  • Transactions may only be executed in securities appearing on the current approved list.

Important Dates

  • Circular Date: 2026-04-28
  • Effective Date: As specified by NSE upon issuance; participants should treat this list as current from the date of publication.

Impact Assessment

This update has a moderate broad-market impact. Inclusion of a security in the SLBS list enhances its liquidity profile by enabling short-selling and hedging activity. The wide coverage of large-cap equities and ETFs ensures continued market depth in the lending and borrowing segment. Participants holding positions in newly included securities gain access to the lending income mechanism, while those in removed securities (if any) would need to close existing SLBS positions. The list’s comprehensiveness covering 200+ instruments reflects NSE’s intent to maintain robust liquidity across the capital markets ecosystem.

Impact Justification

This circular updates the eligible securities list for SLBS, which affects traders and investors who use the lending and borrowing mechanism. It is a routine periodic update with broad market coverage spanning 200+ securities including large-caps, mid-caps, and ETFs, making it relevant to a wide participant base but not urgent or restrictive in nature.