Question

What is the recent development in banking industry? ​

Answer 1

Answer:

Reserve Bank of India set norms for Joint Priority Sector Lending. RBI has allowed joint lending to the priority sector. RBI told banks to share a maximum 80% credit risk when they originate priority sector loans jointly with non-banking finance companies (NBFCs).

Answer 2

Explanation:

Reserve Bank of India set norms for Joint Priority Sector Lending. RBI has allowed joint lending to the priority sector. RBI told banks to share a maximum 80% credit risk when they originate priority sector loans jointly with non-banking finance companies