The MV Nair committee has proposed slew of recommendations on lending to priority sector. It has reviewed the existing guidelines in the sector categories including agriculture, MSME and export.
RBI has been a little cautious of a bank lending to NBFCs, but the committee has recommended that 5% of bank's credit to NBFCs be classified as priority sector. Ramesh Iyer, managing director of Mahindra & Mahindra Financial Services sees this move as positive. Below is the edited transcript of IyerDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
