Stocks- Inform Clients on Website To Update Details: SEBI to Brokers
Capital market regulator SEBI has asked stock-brokers to use their websites to inform clients on updating of email addresses and mobile numbers. The directive comes after recent instructions to the trading members to obtain and update the mobile numbers and email-ids of their clients who have transacted during 2014-15, in UCC (unique client code) database.
 
For this purpose, “the Securities and Exchange Board of India (SEBI) has advised that trading members having their own websites should display on their websites... Ticker message for their clients,” a BSE circular said.

User

Fixed Income: RBI, Government Working To Regulate Illegal Money-taking Entities
RBI is working with the government to bring about changes in the law to regulate the entities who are illegally accepting deposits from the public, RBI deputy governor, R Gandhi, said.
 
“There are a number of companies that are registered as finance companies but are not regulated by the Reserve Bank. There are incorporated companies and unincorporated entities who are illegally accepting deposits. The laws these days are inadequate to deal with these issues. In order to correct these and initiate actions against these issues we need to bring suitable amendments in the statutory provisions. Reserve bank is working with the government for such improvements in the law,” Mr Gandhi said during a conference on “Governance & Development: Views from G20 Countries”. 
 
Mr Gandhi said the challenges related to NBFCs in India are about customer protection. 

User

Loans: Guidelines for NBFC Lending Against Shares
The Reserve Bank of India (RBI) introduced a set of guidelines for lending against shares, especially for non-banking finance companies (NBFCs). This will reduce volatility in the capital market arising from NBFCs offloading shares pledged by borrowers who have defaulted on loans, the central bank said. According to the guidelines, which are only applicable to NBFCs with assets of Rs100 crore and above, NBFCs have to maintain a minimum loan-to-value (LTV) of 50% (of shares pledged) and accept only Group-1 securities as collateral for loans valued at more than Rs5 lakh.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)