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RBI allows farmers enhanced loan on produce pledges ​ By IANS | ​ 3 Views Farmer. (File Photo: IANS). Image Source: IANS News Mumbai, April 7 : With a view to encourage farm credit, the RBI on Wednesday decided to enhance the loan limit for individual farmers. Individual farmers will now be eligible for an enhanced loan amount of Rs 75 lakh from banks against the pledge or hypothecation of agricultural produce. The borrowing limit under the scheme was earlier capped at Rs 50 lakh. As per RBI's statement on developmental and regulatory policies that enhanced borrowing limit for farmers a...

RBI extends fresh support of ₹50,000 crore to NABARD, NHB, SIDBI Updated: Updated: Regulator announces committee to strengthen ARCs Share Article Regulator announces committee to strengthen ARCs The RBI on Wednesday announced various developmental and regulatory policy measures on liquidity management and support to targeted sectors, to help mitigate the impact of the pandemic and help in economic revival. The central bank decided to extend freshsupport of ₹50,000 crore to the All India Financial Institutions for new lending in FY22. This would help support the continuedflow of credit to ...

RBI extends priority sector classification for bank loans to NBFCs again RBI's monetary policy announcement: What is expected? In August 2019, the Reserve Bank of India (RBI) had permitted banks to classify lending to registered non-banking finance companies (NBFCs) as Priority Sector lending (PSL). Now, the banking regulator has decided to extend it by another six months. During the bi-monetary policy, RBI, Governor, Shaktikanta Das stated this classification will be extended for another six months up to September 30, 2021. This is the third extension by the regulator. In August 2019, when i...

A.B. Vijayakumar joins as Executive Director, Bank of Maharashtra A.B. Vijayakumar joined as Executive Director, Bank of Maharashtra (BoM) on 10th March, 2021. Before joining BoM, Vijayakumar was Chief Vigilance Officer at Indian Overseas Bank from 1 st April 2020. Prior to joining Indian Overseas Bank he worked as Chief Vigilance Officer in erstwhile Corporation Bank and prior to that heworked as Chairman of Madhya Pradesh Gramin Bank also. Vijayakumar started his banking career from joining Bank of India in the year 1984 and has wealth of over 34 years of rich banking experience. He rose to...

CS reviews credit flow, progress of banks under ANBA CS reviews credit flow, progress of banks under ANBA Excelsior Correspondent JAMMU, Jan 22: Chief Secretary B V R Subrahmanyam today commended the banks for their performance under AtmaNirbhar Bharat Abhiyan, Back to Village Programme and various other initiatives taken by the Central and UT Government. Chief Secretary made these remarks while chairing the 2nd Meeting of J&K Union Territory Level Bankers’ Committee (UTLBC) meeting. The meeting was attended by Financial Commissioner (Finance) Dr. Arun Kumar Mehta, Principal Secretary, Hou...