Question

What is the maximum limit for loans/advances to individuals from banking systems against the security of shares, specifically for subscribing to IPOs?

A There is no limit Correct Answer Incorrect Answer
B Rs. 5 lakhs Correct Answer Incorrect Answer
C Rs. 20 lakhs Correct Answer Incorrect Answer
D Rs. 10 lakhs Correct Answer Incorrect Answer
E Rs. 15 lakhs Correct Answer Incorrect Answer

Solution

As per RBI Circulars & guidelines, the maximum limit for loans/advances to individuals from banking systems against the security of shares, specifically for subscribing to Initial Public Offerings (IPOs), is Rs. 10 lakhs.

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