RBI News


HDFC Breaches RBI limits on Loans to RIL

New Delhi: HDFC Bank’s single borrower limits prescribed by the Reserve Bank of India (RBI) in the case of credit exposure to the corporate giant Reliance Industries Ltd (RIL). The private sector lender, however, said its board approved “the excess in respect of this exhibition”, and was within the ceiling of 20 percent of capital funds. The central bank has set a maximum limit of...

The Reserve Bank of India (RBI) Eased Lending Restrictions on UBI

Reserve Bank of India
Kolkata: Reserve Bank of India (RBI) to further relax the restrictions on the United Bank of India, which has hit the bad assets, it can give advances rating lower than ‘triple A’ if it recovers bad loans. Reserve Bank of India The regulator removed some precautions relaxed shoulders and links to state-owned lender’s ability to cash recoveries from non-performing loans, three senior...