BSE provides enhanced module for NBFC pledged shares reporting

Top stock exchange BSE has launched an enhanced online system for Non-banking Financial Companies (NBFCs) to report data on pledged securities on a quarterly basis.
The online platform for pledged data reporting is in line with Reserve Bank of India (RBI) norms for NBFCs to report such information to the stock exchanges.
The banking regulator had also asked the bourses to put in place infrastructure for such reporting.
Currently, more than 65 NBFCs are using this platform on BSE. So far, the total value of promoters' pledged holding stands at nearly Rs 2 lakh crore on the exchange.
"The stock exchange has provided an online platform to NBFCs to facilitate pledged data reporting," the exchange said in a statement.

"Recently, BSE had launched an enhanced module for pledge reporting wherein the NBFCs shall be able to submit quarterly reporting of pledged data. This is in line with RBI's recent initiative vide its circular dated April 10, 2015," it added.

On August 21, 2014, the central bank had directed NBFCs with asset size of Rs 100 crore and above to report online to stock exchanges, information on the shares pledged in their favour, by borrowers for availing loans.
In its circular in April this year, the RBI had asked NBFCs to report data on pledged shares on a quarterly basis, among others.

"Based on the reporting made by NBFCs, security wise details of total number of shares held as pledged by the promoters and non-promoters is disseminated on BSE's website for the benefit of the investing fraternity," it added.