Page 11 - BANKING FINANCE November 2018

B N

RESER E BANK

R relea e nor or o ori ina ion o loan
n ere ra e u on
R has said that it ill soon release guidelines on hat it called co origination
all a in
o loans anks and non ank inance co anies
s a result o a asis oint hike in
Cs or the riorit sector ankers said the o e
re o rate could hel anks eet riorit sector lending targets in
the Reser e a ore con enient and organi ed anner le eraging
ank o ndia the reach o Cs he central ank did not de ine co
o er the last origination it said co origination arrange ents should entail joint contri ution
three onths o credit oth lenders
and a su se uent increase in de osit
o ro ide the uch needed co etiti e edge or credit to the riorit sector
rate o erings anks the Central
it has een decided that all scheduled co ercial anks e cluding regional rural
o ern ent has announced u to
anks and s all inance anks a co originate loans ith non anking inan
asis oint hike in interest rate o
cial co anies non de osit taking s ste icall i ortant C D S s or
s all sa ings sche es or the third
the creation o eligi le riorit sector assets R said in a state ent he
uarter i e cto er Dece er
guidelines ill issued end o Se te er riorit sector lending includes
ith the irst hike in onths in loans to agriculture icro enter rises social in rastructure education and re
the interest o ering on s all sa ings ne a le energ a ong others
sche es the u lic ro ident und
R ank len in o C o ea e li ui i run
ill no earn er cent e
ro cto er as against er Cha er o Co erce ha e su orted the R decision to incenti ise anks to
cent in the ul Se te er uarter enhance their lending to Cs sa ing the ste ill hel
the in tackling li uidit crunch he R allo ed the
he interest o ering on the ear
anks to use o ern ent securities e ui alent to their
senior citi en sa ings sche e ill e
incre ental credit to non anking inancial co anies
er cent as against er cent
Cs or a three onth eriod to eet their li uid
or the uarter ending Se te er
it co erage ratio CR re uire ents
he lagshi Sukan a Sa riddhi
he ro ision ill allo anks to ree u Rs crore o li uidit hich
ojana ill earn an interest rate o
anks can lend to Cs till Dece er his shall also send a essage that
er cent in the ne t uarter
the recent de elo ents do not indicate an s ste ic ro le ut it is erel
he ear national sa ings certi i
a case o senti ents ha ing gone rong a ter one o the ig Cs de aulted
cate SC ill earn er cent no
Cha er said he industr od said the hole issue o asset lia ilit is atch
and the ear ti e de osit ill earn
is ore rele ant in case o long ter lending co anies like the housing inance
er cent
co anies and in ra inancing Cs
B N N N N E | NOVEMBER | 2018 | 11