NAYANMONI
24 August 2017 at 22:54
Dear Sir/Madam, I want to know whether commercial banks operating in India are bound to abide by each and every rule prescribed by the top bank (RBI)? i have seen many banks don't provide any loans under priority sector lending policy like MUDRA and CGTMSE even though there is a clear mandate from RBI that they should.what action can be taken if a bank don't want to talk to a customer from priority sector lending policy who wants to stand on his own feet by setting up a business? my next question is if my CIBIL score 800+ and all my documents are in order and bank don't want to give me any loan under priority sector lending policy, what action can be taken against in this respect?
Priority sector lending under rbi
Dear Sir/Madam, I want to know whether commercial banks operating in India are bound to abide by each and every rule prescribed by the top bank (RBI)? i have seen many banks don't provide any loans under priority sector lending policy like MUDRA and CGTMSE even though there is a clear mandate from RBI that they should.what action can be taken if a bank don't want to talk to a customer from priority sector lending policy who wants to stand on his own feet by setting up a business? my next question is if my CIBIL score 800+ and all my documents are in order and bank don't want to give me any loan under priority sector lending policy, what action can be taken against in this respect?