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Thursday, 6 December 2018

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RBI to increase credit limits among large lenders

RBI to increase credit limits among large lenders





The Reserve Bank of India issued new guidelines on Wednesday to increase credit discipline among large lenders. According to the guidelines, the minimum level of 40% loan component on the working capital limit of 150 crore and above will be effective from April 1, 2019.

For such lenders, the outstanding debt component (working capital loan) should be at least 40 per cent of approved fund-based working capital limits. It will also be implemented in a phased manner.

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