Loan against shares fueled by strong liquidity to boost stock market
Wed, Jul 31, 2013 12:00 AM on Others,
ShareSansar, July 31:
Reliable Finance has announced to provide loans against shares. The finance company has declared that it will furnish loans up to 70 percent of the share value within three days of pledging the shares.
Other banks and finance institutions are likely to follow the move, given the high liquidity in the market fueled by soaring bank deposits in the past few weeks.
It heralds a good sign for the secondary market investors as they will have easy access to funds for further investment.
