competition wizard Published this articles Page No 299
To encourage banks to lend to non-banking finance companies (NBFCs) the Reserve Bank of India (RBI) has upped the single NBFC exposure limit for banks Further it has allowed loans given by banks to NBFCs for on-lending to agriculture micro and small enterprises (MSEs) and housing to be classified as priority sector lending (PSL) The above-mentioned measures come in the wake of NBFCs including housing finance companies (HFCs) facing liquidity pressures in the aftermath of the IL&FS imbroglio To harmonise the counterparty exposure limit to single NBFC with that of the general limit the RBI has decided to raise a banks exposure limit to a single NBFC to 20 per cent of Tier-I capital of the bank from 15 per cent now competition wizard
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