UTI may step in to solve CSE crisis
Unit Trust of India which was bailed out by the government from a serious problem in its US-64 scheme two years ago — is likely to step in to resolve a major payment crisis faced by the Calcutta Stock Exchange that triggered panic selling and a country-wide crash of share prices.
RBI may put broker-specific caps on bank funding
RBI is all set to review, and impose fresh norms on, bank financing of stock brokers. A broker-specific exposure cap may well be on the cards much like the ceiling of Rs 20 lakh on loans against shares to individuals.