Reserve Bank of India (RBI) has raised the banks’ most combination retail publicity restrict to entities with turnover as much as Rs 50 crore to Rs 7.5 crore. Earlier this restrict was Rs 5 crore. The determination has been taken to extend credit score circulation to small companies. The danger weight of 75 per cent will apply to all recent exposures and likewise to current exposures the place incremental publicity could also be taken by the banks as much as the revised restrict of Rs 7.5 crore.
RBI has additionally determined to increase the prevailing enhanced Held to Maturity (HTM) restrict of 22 per cent for SLR securities acquired between September 1, 2020, and March 31, 2021, as much as March 31, 2022. This implies that Banks might proceed to carry such extra SLR securities in HTM class as much as March 31, 2022. The enhanced HTM restrict could be restored to 19.5 per cent in a phased method, starting from the quarter ending June 30, 2022.
Important takeaways for all aggressive exams:
- RBI twenty fifth Governor: Shaktikanta Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.
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