Maximum loan amount to individuals against security shares can be _____ A. 20 lakh B. 15 lakh C. 25 lakh D. 50 lakh E. other than those given as options

1 Answer

Answer :

A. 20 lakh Explanation: Loans/ advances granted to individuals against the security of shares, debentures and PSU bonds should not exceed Rs.10 lakh and Rs.20 lakh, if the securities are held in physical form and dematerialized form respectively.

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