RBI allows banks to lend to NBFCs for priority sector loans on an on-going basis - Moneycontrol

The central bank has allowed small finance banks (SFB) to tag loans to microfinance institutions (MFIs) as PSL loans as well.

The Reserve Bank of India on May 13 said lending by scheduled commercial banks (SCBs) to non-banking finance companies (NBFCs) for the purpose of on-lending to priority sector loan (PSL) segments wil… [+1871 chars]

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