Banks to be told to cut exposure to big firms

Dec 24 2012, 09:53 IST
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RBI is working on restricting lending by banks to top listed companies to 90% of current levels. (Reuters) RBI is working on restricting lending by banks to top listed companies to 90% of current levels. (Reuters)
SummaryRBI is working on restricting lending by banks to top listed companies to 90% of current levels.

by 10% of their current levels

* The headroom created will free up bank lending for more sectors and ensure a large volume of top-quality bond papers arrive in the corporate bond market

* The RBI is also examining the exposure of banks to infrastructure SPVs based on rating and group exposure

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