Question

Concessional interest rates for housing/car/personal loans for sbi employees

Answer 1

So, too, with gold loan NBFCs. “It is good to see RBI taking concrete steps towards serving the country’s underserved population. It is this resonance from the regulator that gives us more confidence to do our bit for furthering financial inclusion,” said George Alexander Muthoot, managing director, Muthoot Finance, the country's' largest gold financing entity. “We are surely interested and our board members are studying the new directives of RBI and will undertake a decision on it soon.”

However, say experts, the majority of NBFCs will not be eligible. “The guidelines mention proposals from large public sector entities and industrial and business houses, including from NBFCs promoted by them, will not be entertained. Local focus and ability to serve smaller businesses is the key criterion,” said Espirito Santo Securities, in a note to clients.