13 June 2018

RBI Releases Draft Guidelines To Modify Loan System For Large Borrowers

RBI Releases Draft Guidelines To Modify Loan System For Large Borrowers


The Reserve Bank of India (RBI) released the draft guidelines to modify the loan system for delivery of bank credit, making the rules stricter to regulate larger borrowers enjoying working capital facility from the banking system.

The draft specifies a minimum level of loan component in fund based working capital finance and a mandatory Credit Conversion Factor (CCF) for the undrawn portion of cash credit availed of by large borrowers.

Source- The Economic Times

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • Urjit Patel- 24th Governor of RBI, Headquarters- Mumbai, Established on- 1st April 1935, in Kolkata.

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