RBI issues master circular on Credit Facilities to Minority Communities

Jul 05, 2019 | by Avantis RegTech Legal Research Team


The Reserve Bank of India (RBI) on July 02, 2019, has issued a master circular consolidating the instructions or guidelines or directives issued to banks till that date relating to credit facilities to minority communities. The Government of India has indicated that care should be taken to see that minority communities secure, in a fair and adequate measure the benefits flowing from various Government sponsored schemes. All the commercial banks are advised to ensure smooth flow of bank credit to minority communities. All scheduled commercial banks are requested to specially monitor the credit flow to minorities in these 121 districts, thereby, ensuring that the minority communities receive a fair and equitable portion of the credit within the overall target of the priority sector.

[Notification FIDD.GSSD.BC.No.04/09.10.01/2019-20]


Bookmark

Related Updates



Alternate Text

Get updates on the go on RuleZbook Mobile App.