Adani Group fallout? NBFC loans against shares under RBI scanner

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