Monday, August 25, 2014

RBI may allow NBFCs to lend against all categories of shares

..........It is now learnt that RBI is planning to modify the circular to allow NBFCs to lend against all category of shares. However, NBFCs will be required to declare to the exchanges the Group 1 shares that are pledged with them. Group 1 shares are a category of limited stock defined by the Sebi........ 

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