Investors may soon get shares directly, bypassing brokers
To enhance operational efficiency and reduce the risk to clients’ securities, markets regulator Sebi on Thursday proposed making the process of direct payout of such securities to the client’s account mandatory.
Gold finance companies plunge on RBI cash advisory
“The regulation is expected to slightly reduce the competitive advantage of NBFCs against banks and the likelihood of some share of gold loan customers shifting to the unorganised segment can’t be ruled out,” said Shweta Daptardar, VP- institutional equity research, Elara Securities. “The share prices have already reacted today, so the downside is expected to […]