Dec 02, 2016, 12.35 PM | Source: CNBC-TV18
Reserve Bank of India (RBI) has tightened the rules for bank's lending to large corporate entities. The rule is applicable from April 1, 2019.
In an interview to CNBC-TV18, RK Bansal, ED, IDBI Bank, said that there is no great change and RBI's intention remains the same of reducing exposure.
He added that banks have time for the transition and individual company wise the limit has gone up. Earlier it was 15 percent and now it is 20 percent.
He also said that in cases of non-stressed groups banks have the option to convert into other instruments and that is what RBI wants.
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