Current Affairs · Banking Regulations & Primary Markets
Regarding the regulatory guidelines for financing Initial Public Offerings (IPOs), Follow-on Public Offers (FPOs), and Employee Stock Option Plans (ESOPs), which of the following statements is/are correct? 1. The maximum loan amount that can be sanctioned to an individual for the purpose of financing an IPO or an FPO is capped at ₹25 lakh. 2. For ESOP financing, bank funding is restricted to a maximum of 75% of the total value, necessitating a mandatory borrower margin of 25%. 3. Bank employees are permitted to avail of credit facilities from their respective banks to purchase their own bank's securities, provided a lien is created on the shares. Select the correct option:
- 11 only
- 23 only
- 31 and 3 only
- 41 and 2 only
Correct answer
Option E
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