Guideline notification on Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility (dated -08.10.2021) – RBI
View PdfGuideline notification on Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility (dated -08.10.2021) – RBI
- As announced in the ‘Statement on Developmental and Regulatory Policies’ dated October 8, 2021, the facility has been extended till March 31, 2022 keeping in view the increased traction observed in delivering credit to the underserved/unserved segments of the economy. Loans disbursed under the on-lending model will continue to be classified under Priority Sector till the date of repayment/maturity whichever is earlier. Further, bank loans to HFCs for on-lending for the purpose of housing, as prescribed in para 23 of our MD on PSL dated September 4, 2020, will continue as hitherto.
- All other guidelines as issued vide MD on PSL ibid will continue to apply.
