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RBI allows banks to lend more to some non-banking finance firms

Updated : October 19, 2018 09:29 AM IST

The limit has been raised from 10 percent and is effective up to December 31, the Reserve Bank of India said in a statement.
The relaxation in lending norms by RBI comes on the back of worries over tightening credit lines to NBFCs after a series of defaults at one of the country's largest infrastructure financing companies.
RBI allows banks to lend more to some non-banking finance firms

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