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. Primary custody query
  2. legal notice
  3. Misuse of fingerprint in document
  4. Documents with aunt
  5. Flat buying sale agreement
  6. Agriculture rtc validity
  7. Ancestral property
  8. Wife's income invested in home building
  9. Troubled Marriage
  10. Legal advice

view more »



Browse by Category




Stay updated with latest Posts!