RBI eases loan norms for small finance banks

RBI
MUMBAI:
RBI
has eased lending rules for small finance banks (SFBs), allowing them to reduce the share of loans they must give to small loans seekers in priority sectors. Until now, SFBs were required to give 75% of their total loans to these sectors.
From this financial year, that requirement has been cut to 60%. Of this, 40% must still go to key target groups identified by RBI. But for the remaining 20%, SFBs can now choose which priority areas to focus on.
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