LAWyersclubindia LCI
Login  Register
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

  Start a discussion   Unanswered Report Abuse

NAYANMONI   24 August 2017

Cash credit loan

Is it possible to take two cash credit loan in the name of a same business entity from two different banks under RBIs PRIORITY SECTOR LENDING POLICY?



Reply   Follow

Learning

 3 Replies

SIVARAMAPRASAD KAPPAGANTU

SIVARAMAPRASAD KAPPAGANTU (Retired Manager)     26 August 2017

No. If you do that you are cheating the second bank. There us a concept of Maximum Permissible Bank Lian (MPBF) be ut priority sector or non priority sector.
SIVARAMAPRASAD KAPPAGANTU

SIVARAMAPRASAD KAPPAGANTU (Retired Manager)     26 August 2017

No. If you do that you are cheating the second bank. There is a concept of Maximum Permissible Bank Loan (MPBF) be it priority sector or non priority sector. You cannot take more loan than MPBF. Within the MPBF you can take from two banks.
1 Like
NAYANMONI

NAYANMONI   27 August 2017

Thank you sir, for your benevolent reply...


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics


View More

Related Threads


Loading
Start a New Discussion Unreplied Threads
Laws Follow us


Popular Discussion


  1. Cheque issuer absconding
  2. Terrace damaged becoz cracks and sloping
  3. What are the basic requirements and proc
  4. My sister posted photo with her boyfrien
  5. Civil/criminal
  6. What to do if society is registered by u
  7. Child admission in delhi for nursery bat
  8. Contempt petition against the superinten
  9. Difference between release order and acc
  10. New e-court website

view more »



Browse by Category




Stay updated with latest Posts!