PRIORITY SECTOR LENDING- BANKS’ LENDING TO NBFCS FOR ON-LENDING – EXTENSION OF FACILITY

RBI CIRCULAR DATE 8 OCTOBER 2021 APPLICABLE TO All Scheduled Commercial Banks (Excluding Regional Rural Banks, Small Finance Banks, Urban Co-operative Banks and Local Area Banks) SUBJECT OF THE CIRCULAR Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility The facility has been extended till March 31, 2022 keeping in view […]

Oct 08, 2021 Covid Circulars, RBI 1 min read

RBI

CIRCULAR DATE

8 OCTOBER 2021

APPLICABLE TO

All Scheduled Commercial Banks

(Excluding Regional Rural Banks, Small Finance Banks, Urban Co-operative Banks and Local Area Banks)

SUBJECT OF THE CIRCULAR

Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility

The facility has been extended till March 31, 2022 keeping in view the increased traction observed in delivering credit to the underserved/unserved segments of the economy. Loans disbursed under the on-lending model will continue to be classified under Priority Sector till the date of repayment/maturity whichever is earlier. Further, bank loans to HFCs for on-lending for the purpose of housing.

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