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RBI extends ‘priority sector’ classification for bank loans to NBFCs for FY 2020-21

March 23, 2020
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The Reserve Bank of India has decided to extend the priority sector classification for bank loans to NBFCs for on-lending for FY 2020-21. Further, existing loans disbursed under the on-lending model will continue to be classified under Priority Sector till the date of repayment/maturity.
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