RBI Alert: Reserve Bank of India changes rules for loan transfer; issues master direction for banks, NBFCs

The Reserve Bank on Friday issued Master Direction on loan transfer, requiring banks and other lending institutions to have a comprehensive board-approved policy for such transactions. Loan transfers are resorted to by lending institutions for various reasons, ranging from liquidity management, rebalancing their exposures or strategic sales.

from IndiaTV Business: Google News Feed https://ift.tt/39RF34V