The Reserve Bank of India (RBI) on 15.07.2014 Tuesday made a major announcement to boost demand for infrastructure and housing. RBI said, banks would not have to maintain cash reserve ratio (CRR) or statutory liquidity ratio (SLR) and will not have to meet priority- sector lending targets for funds raised through bonds for extending credit to these sectors. While the exemption from CRR and SLR requirements was announced by the Finance Minister in his Budget speech, the banking regulator further sweetened the deal by including loans for affordable housing. Under the new definition of affordable housing, loans of up to ₹ 50 lakh in metros for houses valuing up to ₹ 65 lakh and those of up to ₹ 40 lakh for houses valuing up to ₹ 50 lakh in all other cities are now part of affordable housing.
The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the…
The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the…
Global issues are problems of economic, environmental, social, and political concerns that affect the entire…
Sustainable development or 'Sustainability for development' refers to the development that is done without damaging…
The Reserve Bank of India today, in its circular informed that during the onsite examination…
Priority Sector lending (PSL) means bank lending to those sectors that the Government of India…