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SBI violates RBI norms on RIL loans
SBI temporarily exceeded RBI-set credit exposure limit for the consecutive 4th year in 2011-12 in case of loans given to Reliance Industries Limited (RIL). It also infringed RBI’s single borrower exposure rules in case of loans to two state-run entities ..
Month: Current Affairs - June, 2012
Farmers actually pay 14% on subsidized 7% loans: NABARD Study
In the Union Budget 2006-07, the Indian Finance Minister had announced the subsidized 7% loan for farmers. A recent study by NABARD says that it actually translates into a 14% rate according to a study conducted by Nabard. However, n ..