August 30, 2022
As per a recent directive from the stock exchanges, direct cross-selling of loan products by a broker and segregation of businesses between group entities, i.e broking company and non-banking financial company (NBFC), needs to be installed at the earliest. Thus, as a starting point, you are requested to remove all promotional/marketing materials pertaining to the lending business of the NBFC from the branch premises.
The marketing materials include posters, banners, standees, brochures, pamphlets or any other printed material. No marketing or promotional material for the NBFC business should be directly presented to the clients from any Sharekhan branch.
Further clarity on the new business and segregation processes will be shared with all of you shortly.
This change is applicable only for Sharekhan branches and not the Business Partners of Sharekhan.
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