Banks are now prohibited from granting fresh loans or renew existing
loans in excess of Rupees 20 lakh against the NR(E)RA and FCNR(B)
deposits, either to depositors or to third parties, with immediate
effect. The banks are also advised not to undertake artificial slicing
of the loan amount to circumvent the ceiling.
Read full story at-http://www.banknetindia.com/banking/nriloans.htm
Yahoo! Groups TipsDid you know...Show off your group to the world. Share a photo of your group with us. |
Having problems with message search?
Fill out this form to ensure your group is one of the first to be migrated to the new message search system.
|
Offline