Geojit BNP Paribas: Updates on exposure to NSEL

Sep 25, 2013, 04.15 PM IST

Geojit BNP Paribas Financial Services has informed that Geojit Credits (P), a Non Deposit taking NBFC (NBFC -ND-SI) registered with the RBI in which Geojit BNP Paribas has 65% stake, has an outstanding exposure of Rs 133.22cr by way of collateralized loans to clients against assignment of their commodity trade receivables from NSEL as on date.

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Geojit BNP Paribas: Updates on exposure to NSEL

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Geojit BNP Paribas Financial Services Ltd has informed BSE that Geojit Credits (P) Limited, a Non Deposit taking NBFC (NBFC -ND-SI) registered with the Reserve Bank of India in which Geojit BNP Paribas has 65% stake, has an outstanding exposure of Rs. 133.22 Crores by way of collateralized loans to clients against assignment of their commodity trade receivables from National Spot Exchange Ltd (NSEL) as on date, of which Rs. 103.77 Crores is funded by way of loans from group Companies. Geojit BNP Paribas has a consolidated net worth of Rs. 485.69 Crores as on June 30, 2013.Source : BSE

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