The government is also planning to have a single authority for controlling venture capital funds. Further, it is considering permitting ADR and GDR employee stock options for foreign company as no foreign exchange implications are there. Also on the anvil are easier rules for entry and exit of limited partnerships. It is designed to address the capital market and investment needs of the consumers under one roof. The service is designed to enable investors take an informed decision.
Customers can also avail of loans against their shares on the super market.
Interest on the loans against these shares will be calculated on a dialy basis. The bank is also said to have applied for regulatory approval for introducing broking services from its branch network. These services are likely to be offered through a tie-up with established players. This was largely on account of a drop in the prices of food articles. The annual rate of inflation was, however, close to five per cent, during the corresponding period as compared to last year.