Friday, August 21, 2020

Avoid frequent ad hoc review of credit facility for businesses: RBI tells banks

RBI directive comes in the backdrop of complaints that banks are charging high differential interest rates and not giving adequate financial support to businesses in line with the announcements made by the government to help the crisis-ridden industry.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/avoid-frequent-ad-hoc-review-of-credit-facility-for-businesses-rbi-tells-banks/articleshow/77680883.cms

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