Loans against the security of shares, debentures and bonds should not exceed the limit of Rupees.....per individual if the securities are held in physical form.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Loans against the security of shares, debentures and bonds should not exceed the limit of Rupees____per individual if the securities are held in physical form.

A	two lakhs
B	five lakhs
C	ten lakhs
D	fifteen lakhs

Explanation:

Detailed explanation-1: -(ii) Amount of advance : Loans against the security of shares, debentures and bonds should not exceed the limit of Rupees ten lakhs per individual if the securities are held in physical form and Rupees twenty lakhs per individual if the securities are held in dematerialised form.

Detailed explanation-2: -As per RBI rules and regulations, loans against security of shares, convertible bonds, convertible debentures and units of equity bound mutual funds mustn’t exceed the limit of Rs. 10 lakh, if the securities area are held control in physical type and Rs.

Detailed explanation-3: -10 lakh per individual if the securities are held in physical form and Rs. 20 lakhs per individual if the securities are held in demat form.

Detailed explanation-4: -All loans to units in the KVI sector will be eligible for classification under the sub-target of 7.5 percent prescribed for Micro Enterprises under priority sector. Loans up to ₹50 crore to Start-ups, as per definition of Ministry of Commerce and Industry, Govt.

Detailed explanation-5: -(Loans against shares not to exceed Rs 10 lacs if the purpose is for subscribing to IPOs.)

There is 1 question to complete.