Wednesday, July 31, 2013

Reliable Finance to give Loan against shares fueled by strong liquidity

Reliable Finance has announced to provide loans against shares. The finance company has declared that it will furnish loans up to 70 percent of the share value within three days of pledging the shares.

Other banks and finance institutions are likely to follow the move, given the high liquidity in the market fueled by soaring bank deposits in the past few weeks. It heralds a good sign for the secondary market investors as they will have easy access to funds for further investment.
src : sharesansar