In its settlement order, the SEBI stated that a show-cause notice sent to BofA Securities India alleged the firm’s failure to maintain the structured digital database required by insider trading regulations. BofA declined to comment on the settlement order and the allegations.
Gold loan NPAs may rise as NBFCs shift to monthly installments, ICRA projects market growth
Gold loan NPAs may increase as lenders shift to monthly installments. The overall gold loan market is projected to grow over thirty percent. This expansion