Zerodha co-founder Nithin Kamath welcomes RBI’s move to raise share-backed loan limit to Rs 1 crore

Zerodha CEO Nithin Kamath welcomed the RBI’s decision to raise the loan against shares (LAS) limit from Rs 20 lakh to Rs 1 crore. He believes this ‘good change’ will popularize LAS, as many investors currently opt for high-interest personal loans or credit cards due to low awareness.