PSU bosses may be exempted from submitting passport info to banks
At present, passport details of promoters, directors and authorised signatories in respect of loan accounts of ₹50 crore and above must be furnished with the lenders.
Grant loans to real estate sector after ensuring govt approvals for project: RBI to NBFCsBesides, the regulator said NBFCs should not grant loans and advances totalling Rs 5 crore and above to their own directors, including the chairman and managing director or their relatives and other related entities.
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