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Stricter norms issued by RBI on lending by NBFC's against pledged shares

The Reserve Bank of India (RBI) has come out with more stricter and challenging norms by laying down restrictions on funds lend by Non-Banking Financial Corporations (NBFC’s) to investors against the shares pledged by them and further calling for more disclosures on such lending’s, vide its Circular No. RBI/2014-15/186 dated August 21, 2014. The circular is expected to increase the transparency in the financing done by NBFC’s.

- Stricter norms issued by RBI on lending by NBFC's against pledged shares