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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Retired Manager

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.
 
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Retired Manager

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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Thank you sir, for your benevolent reply...

 
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