Banks, NBFCs ignored RBI caution on loans against pledged shares3 min read 21 Feb 2019, 11:55 PM IST
Banks accounted for 3.11% of all pledged shares by value and NBFCs 12.79% at the end of December 2014
The percentages shot up to 14.47% for banks and 39.59% for NBFCs by the end of December 2018
Mumbai: Both banks and non-banking financial companies (NBFCs) ignored the Reserve Bank of India’s (RBI) words of caution on lending against pledged shares and continued the practice, shows data.
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