The Hindu Business Line : Bank of India to offer helpline to stockbrokers

Mumbai, Jan 22 To help brokers affected by the stock market crash, Bank of India may provide additional loans to brokers or adjust margins on the loans to some extent, said Mr T. S. Narayanasami, Chairman and Managing Director, Bank of India.

“This is a temporary phase and we have no problem as of now with regard to our exposure. If the fall continues then we may take steps out of the ordinary,” he said.

The bank is well within the regulatory limits of exposure to stock market, which is 40 per cent of the networth.

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