RBI allows banks to lend more to some non-banking finance firms
India’s central bank on Friday increased lenders’ single borrower exposure limit for non-banking financial companies (NBFCs) which do not finance infrastructure, to 15 percent of capital funds.
By : migrator
Update: 2018-10-19 05:10 GMT
Mumbai
The limit has been raised from 10 percent and is effective up to Dec. 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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