reserve bank of india Archives

RBI raises Collateral-Free Farm Loan Limit

February 7, 2019 Adminfarm loan, Farmers, RBI, reserve bank of india0 comment

The Reserve Bank of India (RBI) has raised the limit of collateral-free agricultural loans. This change took place today. The collateral-free farm loan limit has been raised to Rs. 1.6 lakh. This value has been raised from the current Rs. 1 lakh. The aim of this change is to help small and marginal farmers. The Reserve Bank of India (RBI) has also decided to set up an internal working group (IWG). The purpose of this group is to review agricultural credit and arrive at a workable policy solution. The Union…

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Reserve Bank of India says bad loans will shrink in March

January 1, 2019 Admingnpa, India, RBI, reserve bank of india0 comment

The Reserve Bank of India (RBI) has said that the ration of bad loans has improved from last year. It is expected to further decline in March 2019’s financial results. However, despite the iDasmprovement, the current levels of bad loans are still too high for comfort, said RBI governor Shaktikanta Das. The Reserve Ban of India released its biannual financial stability report (FSR) on Monday. The report said that the gross non- performing assets (GNPA) ratio of banks has declined to 10.8 per cent in September 2018 from 11.5 per…