RBI Gives Banks a Chill Break on Non-Resident Loans

Finance

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RBI Gives Banks a Chill Break on Non-Resident Loans

Yo, listen up! The RBI just hooked up the banks with a chill move, lettin' 'em slide on those fresh non-resident deposits for priority sector lending. From June to September 2026, if they roll with FCNR(B) and NRE deposits, they ain't gotta stress that ANBC calculation, keepin' it smooth and easy, ya feel me?