RBI revises limit for extending personal loans to directors of other banks

UPSC Practice recommends RBI revises limit for extending personal loans to directors of other banks.

Considering the sensitivity of the issue and to ensure that the directors continue to carry out their functions without being influenced, the increased threshold will only to applicable to personal loans for directors of other banks while the limit of Rs 25 lakh will continue to apply for business loans, RBI noted.

Courtesy: Economic Times

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