On lending by banks to NBFCs, HFCs to be part of priority sector in FY21: RBI

The move will help boost credit disbursement in the targeted segment like agriculture, MSME and housing sector. After undertaking a review, it has been decided to extend the priority sector classification for bank loans to NBFCs for on-lending for 2020-21, RBI said in a statement.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QEQ0h0