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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?



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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.
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NAYANMONI

NAYANMONI   27 August 2017

Thank you sir, for your benevolent reply...


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