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Labrish
Nyuuz
RBI gives the rich a free run as loan limits explode
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[QUOTE="Munyaradzi Mafaro, post: 62982, member: 636"] The Reserve Bank of India introduced sweeping reforms on Wednesday to expand credit access for businesses and consumers. Governor Sanjay Malhotra announced banks may now finance corporate acquisitions following requests from the State Bank of India. The central bank eliminated caps on lending against listed debt securities and raised individual share lending limits from 20 lakh rupees to 1 crore rupees. New rules raise IPO financing limits from 10 lakh to 25 lakh rupees per person starting October 1. The changes particularly benefit wealthy investors seeking larger stakes in public offerings. Risk weights on infrastructure loans from non-banking financial companies will decrease to lower borrowing costs for quality projects. The regulator removed a 2016 rule that restricted lending to major borrowers with bank exposure above 10,000 crore rupees. Banks have until 2027 to implement the expected credit loss framework and Basel 3 capital requirements. Analysts say the reforms aim to stimulate corporate deal-making and infrastructure development while increasing market liquidity. [/QUOTE]
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Labrish
Nyuuz
RBI gives the rich a free run as loan limits explode
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