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RBI finalising co-origination lending guidelines: Dy Gov S S Mundra

He said consultations have already taken place with the banking industry on this issue

Press Trust of India  |  New Delhi 

In order to strengthen credit flow to small businesses, the Reserve Bank is finalising guidelines for co-origination lending mechanism, RBI Deputy Governor S S Mundra said on Friday. In the co-origination model banks not only fund micro finance institutions (MFIs) or non-banking finance companies (NBFCs) "for on-lending to ultimate borrowers, rather both of them provide loan at the borrower levels and share the loan amount at agreed percentage", Mundra said. The advantage this can bring is the strength of two sectors together, he said, adding that the MFIs have ...

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First Published: Fri, June 16 2017. 18:23 IST
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