In continuation to our communication in accordance SERI Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020 in connection with the Pledge and Re-Pledge of securities with Clearing Member / Clearing Corporation.
Nirmal Bang Financial Services Pvt Ltd is a RBI registered Non Banking Financial
Company which offers Loan Against Securities (LAS) facility to its clients.
With reference to RBI circular dated 10th April 2015 (DNBS (PD).CC.No. 408 / 03.10.001/2014-15),
NBFCs lending against collateral of shares shall, with effect from the date of this
*Interest Rate: The interest rate varies from 8% to 18% p.a.
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