The relaxation in lending norms by RBI comes on the back of worries over tightening credit lines to NBFCs .
RBI has lowered inflation forecast for the full financial year 2018-19 hints that there would be a long pause in RBI policy rate
Reserve Bank of India (RBI) on Friday increased lenders’ single borrower exposure limit for non-banking financial companies (NBFCs) which do not finance infrastructure, to 15 per cent of capital funds.
The limit has been raised from 10 per cent and is effective up to December 31, the Reserve Bank of India said in a statement.
The relaxation in lending norms by RBI comes on the back of worries over tightening credit lines to NBFCs after a series of defaults at one of the country’s largest infrastructure financing companies.
( Source : reuters )
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