Banks can continue providing credit to NBFCs for on-lending to priority sectors: RBI
Bank credit to NBFCs, including HFCs, for on-lending will be allowed up to an overall limit of 5 per cent of an individual bank's total priority sector lending in the case of commercial banks.
SC refuses to stay LIC IPO process, issues notice to centreThe government had by way of an amendment to the 2021 Finance Act decided to trade 5% shares in the open market through an IPO. This was challenged both in the Madras and the Bombay High Courts. The High Courts had earlier refused to stay the IPO.
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