The Securities and Exchange Commission (SEC) has narrowed the loan margin to 1:1 from 1:1.5 for the merchant banks in a move to tighten the flow of fund into the stock market. The loan margin will be effective from February 7. The SEC in a directive Wednesday said the merchant bankers should not extend credit facilities to their approved clients beyond 1:1 under the Margin Rules, 1999.
—FE Report
SEC trims loan margin
FE Team | Published: February 04, 2010 00:00:00 | Updated: February 01, 2018 00:00:00
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