Monday, September 15, 2014

NBFCs can Accept Group 1 Shares as Collateral

Non-Banking Financial companies (NBFCs) cannot lend more than 50% of the value of shares pledged as collateral while giving loans of Rs 5 lakh and above. NBFCs with an asset size of Rs 100 crore can accept only Group 1 securities as collateral and will also have to disclose details of shares pledged with them.

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