Start learning 50% faster. Sign in now
Reserve Bank of India decided to allow banks to lend to NBFCs for on-lending to priority sectors on an on-going basis to ensure continuation of the synergies that have been developed between banks and NBFCs in delivering credit to the specified priority sectors. The same holds true for small finance banks who are on-lending to NBFC-MFIs. This facility was earlier allowed till March 31, 2022. Bank credit to NBFCs, including housing finance companies (HFCs), for on-lending to priority sectors will be allowed upto an overall limit of 5% of an individual banks total priority sector lending. Small finance banks for on-lending to NBFC-MFIs and other MFIs, which are RBI recognised, will be allowed up to an overall limit of 10% of an individual bank’s total priority sector lending. Small finance banks will be allowed to lend to registered NBFC-MFIs and other MFIs who have a gross loan portfolio of upto Rs 500 crore as of March 31 of the previous financial year.
The OneWeb Group Company collaborated with ISRO's commercial agency NewSpace India Ltd. in October 2022 with the aim of launching _____sattelites into L...
Which state has launched faceless Regional Transport Offices (RTOs) to help citizens avail facilities linked to the sector better?
Madhabi Puri Buch has become the first woman Chairperson of which financial regulator?
7th Edition of the India Water Impact Summit ( IWIS ) was inaugurated in New Delhi with the theme____?
Who has been appointed as the new coach of the Indian Men's Hockey team?
Year 2021 marks the ______ anniversary of India's victory over Pakistan in the war, which saw the creation of Bangladesh.
How much increase has been made by the Union Government domestic natural gas prices for October 2023?
Which Indian- American has been appointed as the new Chief Financial Officer of Tesla?
The MEP on basmati rice was set at how much per tonne before it was lifted?
World Arthritis Day is observed annually on which date?