RBI unveils measures to boost confidence in NBFCs

In its monetary policy, the RBI has gone all out to revive confidence in well-functioning entities in the non-banking finance company (NBFC) sector. First, it has brought the single-borrower exposure limit for bank lending to NBFCs to 20% of the lender’s capital as compared to 15% earlier. Second, it will recognise bank lending to registered NBFCs for selected purposes as priority sector lending.

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