RBI increases personal loan limit to other banks director’s without board approval to Rs 5 crore
As per RBI notification, Please refer to paragraphs 2.2.1.2, 2.2.1.4 and paragraph 2.2.1.5 of Master Circular on Loans and Advances – Statutory and Other Restrictions dated July 01, 2015. On a review, it has been decided that: i) For personal loans granted to any director of other banks, the threshold of Rupees twenty-five lakh, as …