BSE launches enhanced online system for NBFCs

Q.  Which stock exchange has launched an enhanced online system for Non-banking Financial Companies (NBFCs) to report data on pledged securities on a quarterly basis?
- Published on 25 Jul 15

a. NSE
b. BSE
c. MCX
d. MCX-SX

ANSWER: BSE
 
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. Currently, more than 65 NBFCs are using this platform on BSE. So far, the total value of promoters' pledged holding stands at nearly 2 lakh crore rupees on the exchange. On August 21, 2014, the central bank had directed NBFCs with asset size of 100 crore rupees 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.

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