Business Economy 19 Oct 2018 RBI allows banks to ...

RBI allows banks to lend more to some non-banking finance firms

REUTERS
Published Oct 19, 2018, 11:25 am IST
Updated Oct 19, 2018, 11:25 am IST
The relaxation in lending norms by RBI comes on the back of worries over tightening credit lines to NBFCs .
The limit has been raised from 10 per cent and is effective up to December 31.
 The limit has been raised from 10 per cent and is effective up to December 31.

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.

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