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After Sebi tightens norms, shadow banks' shares in loan against shares jump

Market participants say that yields on LAS have turned attractive, with other investors steering clear of this segment and the risk-premium kicking-in amid concerns around this segment

Topics
Sebi norms | shadow banking | NBFCs

Jash Kriplani  |  Mumbai 

Representative image
Representative image

Promoters strapped for funding, following the Securities and Exchange Board of India's (Sebi) move to tighten norms regarding loan against shares (LAS), have found some relief from non-banking financial companies (NBFCs). These now account for 53 per cent of the Rs 2.06 trillion worth of shares pledged by promoters as of December 31, 2019.

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First Published: Mon, January 27 2020. 22:56 IST
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