Tuesday, March 5, 2013

RBI may need to review margin funding of shares by NBFCs

The recent wave of selling in midcap shares could have partly to do with promoters and brokers exploiting a regulatory loophole in rules for margin financing of shares by non-banking finance companies (NBFCs), say some market players. That could prompt the RBI to tighten rules for capital market exposure by NBFCs when the recommendations on the Usha Thorat Committee (NBFC guidelines) are considered.............

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