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RBI extends priority sector classification for bank loans to NBFCs for on-lending for FY21

Updated : March 23, 2020 08:54 PM IST

Earlier, the priority sector lending classification for on-lending to NBFCs was available till March 31, 2020.
The RBI also said that the existing loans disbursed under the on-lending model will continue to be classified under Priority Sector till the date of repayment or maturity.
RBI extends priority sector classification for bank loans to NBFCs for on-lending for FY21

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