To boost credit to small businesses, the RBI on Monday raised the maximum total retail exposure limit for banks with turnover. ₹50 crore to ₹From .5. from crore ₹5 crores.
“To reduce the credit value of this segment of individuals and small businesses (ie up to turnover) ₹Crore0 crore) and to comply with the Basel guidelines, the above limit has been set ₹Crores of crores of rupees will be raised for the joint retail display of a counter party ₹7.5 crore … “, said the Reserve Bank.
The notification said this after the announcement made in this regard in October after the meeting of the Economic Policy Committee.
In another notification, the RBI has said that it has decided to extend the incremental limit (HTM) of SLR securities acquired between September 1, 2020 and March 31, 2021 by 22 per cent till March 31, 2022. Until March 31, 2022, banks can hold such SLR securities in HTM type.
The Reserve Bank of India (RBI) has also decided to restore the 1.5% increase in the HTM limit, which has been gradually increased since the quarter ended June 1, 2022.
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