Page 54 - Banking Finance June 2019

RBI CIRCULAR

Compendium for Small Finance Banks (SFBs) – Priority
For update news on Banking & Finance Industry
Sector Lending – Targets & Classification dated July 6,
2017, prescribing eligibility criteria of housing loans for
classification under priority sector. A Leading Monthly Journal on Banking & Finance
Covers Schemes
2. In terms of the above Master Direction for RRBs, loans
RBI Banking 1 Year 990
to individuals up to Rs. 20 lakh for purchase/construction
Finance Rural/Co-op 3 Year 2460
of a dwelling unit per family provided the overall cost of
Stock Market Risk Management 5 Year 3825
the dwelling unit does not exceed Rs. 25 lakh are eligible
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to be classified under priority sector. In terms of the
Compendium for SFBs, loans to individuals up to Rs. 28
ORDER FORM
lakh in metropolitan centres (with population of ten lakh
and above) and Rs. 20 lakh in other centres, are eligible New Rental Subscription No.
(Please tick)
to be classified under priority sector, provided that the
Name of Executive :
cost of dwelling unit does not exceed Rs. 35 lakh and Rs.
25 lakh, respectively. Designation:
Company's Name :
3. In order to bring the RRBs and SFBs at a level playing
field with other Scheduled Commercial Banks, it has Address :
now been decided to enhance the housing loan limits Pincode :
for eligibility under priority sector lending. Accordingly,
Phone : Mobile :
in respect of RRBs and SFBs, housing loans to individuals
Fax : E.Mail :
up to Rs. 35 lakh in metropolitan centres (with
Publication Order :
population of ten lakh and above) and Rs. 25 lakh in
*Scheme Opted : No.of Copies
other centres, provided the overall cost of the dwelling
unit in the metropolitan centres and at other centres (Please mention the scheme name example : It-1, Lit-1 or Combo 4-1)
does not exceed Rs. 45 lakh and Rs. 30 lakh, respectively Period of Subscription : From to
will be eligible for classification under Priority Sector Details of payment : Cash/M.O./D.D./Cheque* No
Lending.
4. Furthermore, the existing family income limit of ? 2 lakh Dt drawn Rs.
per annum, prescribed under Para 9.4 of the above Ordinary Registered Post (Please tick)
Master Direction for RRBs/Para 5.4 of the Compendium *For outstation cheque please add Rs.50/- towards bank charges.
for SFBs, eligible for loans to housing projects exclusively Outstation cheques of metro cities accepted only. No Charges ap-
for the purpose of construction of houses for Economically plicable for payable at per cheques.
Weaker Sections (EWS) and Low Income Groups (LIG), is Do not make any Cash Payment
revised to Rs. 3 lakh per annum for EWS and Rs. 6 lakh for Subcription of Journals Signature of Subcriber
per annum for LIG, in alignment with the income criteria
Please tear and send it along with your letter
specified under the Pradhan Mantri Awas Yojana.
5. Accordingly, the RRBs/SFBs are allowed to reckon their Mode of Payment
outstanding portfolio of housing loans meeting the
1. Payable at per Cheque/Demand Draft favouring Sashi Pulbications
revised criteria for classification under priority sector Private Limited, Payable at Kolkata
lending from the date of this circular. 2. You can directly ECS/Deposit cash in our bank account number
below in your city and send us copy of Pay in slip by email.
6. All other terms and conditions specified under the Master
A/C Name : Sashi Publications Private Limited
Direction/Compendium shall remain unchanged. A/C No. : 402120110000327
Bank : Bank of India
Yours faithfully, Branch : V V K Road Branch., Kolkata, India
(Gautam Prasad Borah) IFSC Code : BKID0004021
Make Online Payment by Credit Card/Debit Card or your net banking
Chief General Manager-in-Charge
account at our website www.sashipublications.com

54 | 2019 | JUNE | BANKING FINANCE