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Passport Details must for more than 50 Crore loan

Finance Ministry on Saturday said passport details will be made mandatory for loans of more than Rs.50 crore from state run banks. Passport details will help banks to take timely action and inform the relevant authorities to prevent fraudsters from fleeing the country. “Next step on clean and responsible banking. Read more…

By Jai, ago
News

Changes in Priority Sector Guidelines

RBI, vide notification dated March 01, 2018 amended the priority sector guidelines. Following are the changes made in priority sector lending: 1.  Earlier it was stipulated that the sub-targets for lending to small and marginal farmers and micro enterprises shall be made applicable for foreign banks with 20 branches and Read more…

By Jai, ago