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Adani Group fallout? NBFC loans against shares under RBI scanner

The central bank's Department of Supervision sought this information over the past week, and the deadline for submission of large exposure was on Monday, informed a source

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Raghu Mohan New Delhi
The Reserve Bank of India (RBI) has sought details of lending against shares and the largest credit exposures of non-banking financial companies (NBFCs).

The central bank’s Department of Supervision sought this information over the past week, and the deadline for submission of large exposure was on Monday, informed a source.
 
The RBI’s communiqué has been seen by Business Standard.
 
On lending against shares, the RBI said this would cover those accepted as collateral, or part of capital-market operations; transfer of shares by obtaining a power of attorney on dematerialised accounts of borrowers; or by any other means.
 
On credit exposures, the

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First Published: Feb 28 2023 | 12:16 AM IST

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