Collateral free agricultural loans-New Limit 2019

  Collateral free agricultural loans     RBI Keeping in view the overall inflation and rise in agriculture input cost over the years since 2010, RBI has been decided to raise the limit for collateral free agricultural loans from the existing level of ₹1 lakh to ₹1.6 lakh. Accordingly, banks may waive margin requirements for agricultural loans upto ₹1.6 lakh.

Read more

Prompt Corrective Action (PCA) Framework as on 26th Feb 2019

  Prompt Corrective Action (PCA) Framework as on 26th Feb 2019 Government of India has infused fresh capital on February 21, 2019 into various banks including some of the banks currently under the PCA framework. Of these banks, the BFS noted that Allahabad Bank and Corporation Bank had received ₹ 6896 crore and ₹ 9086 crore respectively. This has shored

Read more