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SEBI Approves Collateral Facility Under ASBA For Brokers And Investors

In a press conference held on March 29, 2023, after the Securities and Exchange Board of India (SEBI)'s board meeting, the Chairperson Madhabi Puri Buch announced that SEBI has given its approval for the Application Supported By Blocked Amount (ASBA) facility ...

Gold Price Fall Force Loan Companies To Lower Tenure, Seek More Collateral

Amid softening in gold prices domestically to levels of Rs. 44910 per 10 gm, gold financing companies are seeking more collateral as well as reducing tenure.Further some of the financiers including top ones such as Muthoot Finance are incentivizing borrowers who ...

Promoters Lower Share Pledging In 50 Listed Companies; Shares To Rally: Report

As per a leading business dailies report, promoters of nearly 50 listed companies that include JK Tyre and Industries, Infibeam Avenues and SH Kelkar among others have lowered share pledges during the quarter ended September. Share pledging is an option available ...

Working Capital For Auto Companies May Get Costlier

Auto companies amid slowdown in the sector might see another blow as the leading lender has proposed a higher collateral. In its recommendation, SBI proposes collateral of 25% over and above the inventory on issuance or increase of loans. In an ...

Subsidised Education Loan: Who Can Avail It?

The revamped Central Sector Interest Subsidy Scheme 2009 lays some eligibility criteria which need to be met in order to avail subsidized education loan facility extended by the government. Here are given the various eligibility stipulations that need to be fulfilled ...

5 facts on the National Savings Certificates that make it an attractive investment

National Savings Certificate (NSC) is one of the most popular small saving instrument that gives you tax benefits too. The scheme is backed by the government of India and is therefore considered a safe investment. We look into 5 facts that make the NSC an attractive investment. {photo-feature}...

Defaulted on loan or anticipating loan default: Here's what you can do?

In case you as a loan borrower anticipate and foresee your incapacity to service the debt in the near future due to some genuine case, you don't have to just bother too hard and in a grave situation fall prey to ...

Obtain NOC without fail in lieu of final loan settlement

With the settlement of each and every loan account, bank or the NBFC, issues a no-objection certificate signifying the closure of the account with no dues left. The certificate further underlines settlement of the account as per the terms of the ...

Banks can lend against gold jewellery up to 75% of LTV: RBI

The Reserve Bank today came out with standardised norms for valuation of gold jewellery as collateral for loan from banks. "In order to standardise the valuation and make it more transparent to the borrower, it has been decided that gold jewellery ...

RBI tightens norms for lending against gold jewellery

MUMBAI: Seeking to keep demand of gold under check, the Reserve Bank of India has tightened norms for loans against pledge of gold jewellery. "In order to standardise the valuation and make it more transparent to the borrower, it has ...

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