MANAN SHAH

[MANAN SHAH @Liarshanky]

@nks2811 @mybmcwardKW @mybmc If BMC is smart enough they will understand it. If not Bhagwan bharose desh toh chal he raha hai

[Nithin Kamath @Nithin0dha]

MTF books are growing across brokers despite the broader markets going nowhere. This isn't like the Korean markets, for example, where the markets are up 150% in the last year alone, and people are borrowing to ride that rally. Our situation is different.

The big risk with MTF is the risk of the stock becoming illiquid in case there's a sharp market fall. If a stock moves more than the margin provided (say 20%), the bad debit is on the broker. The odds of recovering a loss from a customer aren't that great.

The risk shoots up when the collateral is stocks. A customer pledges Stock A, gets 80% margin on it, and uses that to take further positions worth 400% in the same stock. If that stock is a mid or small-cap stock, circuits kick in, and there's simply no exit if markets turn around. Nearly 50% of the entire industry MTF book is non-F&O stocks.

While we still don’t allow collateral margin for buying MTF, competitive pressure would mean we will have to. There's significant risk on the customer, but also on the broker. While our MTF book has grown meaningfully over the last 16 months, it's still only about 25% of our networth. For some brokers, this number could be closer to 500% which is the maximum regulator allows.

If markets crash, brokers could end up holding losses from MTF positions they can't exit and that puts the entire ecosystem at risk.

MTF seems like easy money for the brokers. But the Risk Management team at brokers has to make sure that on one bad day, you don't give it all back. 😬

[MANAN SHAH @Liarshanky]

2/2 Once opened, they find a low-value or fake product they never ordered. Since the purchase wasn't made through an official e-commerce platform, there is no order history to file a return or complaint. @MumbaiPolice @cyber_security @timesofindia @Cyberdost

[MANAN SHAH @Liarshanky]

1/2
Fraudsters with access to leaked databases are sending unsolicited packages on a cash-on-delivery basis to regular online shoppers. The recipient, thinking a family member may have ordered it, pays for the parcel. @MumbaiPolice @Cyber_security_ncrp @timesofindia @Cyberdost

[MANAN SHAH @Liarshanky]

@RushinZaveri @CPMumbaiPolice @MumbaiPolice @mybmc There should be a banner on the footpath with the photo saying “courtesy of Shri Ameet Satam!” as he loves to put this on all the public properties
@AmeetSatam @mybmcwardKW @mumbaimatterz @MumbaiPolice

[RZ @RushinZaveri]

This is Veera Desai Road, Andheri West. This is what happens everyday. People standing outside and opposite our residence and drinking creating nuisance. It's like open bar. Beat Marshals tell them to go away but in vain. Pls help stop this. @CPMumbaiPolice @MumbaiPolice @mybmc

[मुंबई Matters™🇮🇳 @mumbaimatterz]

This Picture Symbolises #Mumbai

It has everything in it..

Illegal Parking
Digging/Excavation
Dust
Illegal banners flags
Encroachment
Flower pots on roads..

📸 © PataNahi

[MANAN SHAH @Liarshanky]

@parinshah10 @bhash @OlaElectric I still have you Honda Dio if you want to buy back. Fully working!

[ANI @ANI]

Himachal Pradesh | In an unusual case, during CM Sukhvinder Singh Sukhu's visit to CID headquarters to inaugurate the Cyber wing’s new Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS) station in Himachal Pradesh’s capital, Shimla, samosas and cake intended for the CM were allegedly served to his staff. The incident led to a full inquiry by a DSP rank oficer. Based on statements from those involved, the CID report indicates that only a sub-inspector was aware that the boxes contained refreshments for the CM. Nevertheless, these boxes, overseen by a woman Inspector, were ultimately passed to the MT section without higher clearance, and the items were inadvertently served to the CM's staff instead. A senior officer, in the report, described this act as an "anti-government" act condemning it as an offence against the intended respect for the VVIP’s presence. The report added that those involved appeared to be "acting according to their own agenda".

The matter is being investigated by the CID and not by the police headquarters: DGP, Atul Verma

[Rutwij Mamtora @RutwijMamtora]

Going on wrong side of road. No police. No traffic management. Why are these vehicles not fined???? Vile Parle East. Mahatma Gandhi road @MTPHereToHelp

[MANAN SHAH @Liarshanky]

1+ 📱💩🚽

[MANAN SHAH @Liarshanky]

@sony_india
Have received a defective TV and raised a complaint email (075-291-976)
Turnaround time should have been 24 months, but it has been almost a month with no response.
Request quick Support.

[TOI Mumbai @TOIMumbai]

Mumbai taxi, auto unions to go on indefinite strike from September 15 if fares not hiked https://t.co/zRkHHe2H4e

[मुंबई Matters™🇮🇳 @mumbaimatterz]

#Mumbai

Watching this really hurts.

Ambulance with sirens blazing is held up by #MumbaiTrafficPolice to let a convoy pass.

#HumanLifeMatters
#GoldenHour

[Renuka Jain @RenukaJain6]

Join @taxpayersco

[Moneycontrol @moneycontrolcom]

#BREAKING 🚨 : Rakesh Jhunjhunwala passes away at 62

[MANAN SHAH @Liarshanky]

@airindiain Airport staff stole my bag saying it has been detained for security purposes and I will be contacted and returned my bag by next flight. Now they say if I haven't filed a complaint at arrival I will not get my bag. @TataCompanies we hoped for better after the takeover

[niftypun @umushah]

Fundamentalist vs Twitter trader

#niftypun