Can you borrow for subscribing to IPOs or for exercising ESOPs?
Can you borrow from banks to subscribe to an Initial Public Offering (IPOs), Follow-on public offering (FPO), and even for exercising ESOPs? Yes, you can and the regulations permit such loans. Further, the Reserve Bank of India (RBI), through its two recent circulars, has provided clarity and consolidated applicable rules at one place. Master Directions… Continue Reading