💨 Abstract

Vardan Ceqube India Investment has secured an equity stake in National E Repository Ltd. (NeRL), a company issuing electronic negotiable warehouse receipts (eNWRs). The Reserve Bank of India (RBI) has revised norms for pledge finance, increasing loan limits for farmers and non-farmers secured by eNWRs, which will incentivize eNWR adoption and boost NeRL's business.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖