https://www.taxtmi.com/news?id=26014 Banks extended substantial numbers of loans in rural areas after the Covid period, with public sector banks reporting over twelve lakh loans between April 2020 and November 2022, and banks providing credit to youths for setting up enterprises. Credit decisions, including interest rates, are governed by banks' internal lending policies following the Reserve Bank circular of 9 April 2010, which deregulated credit matters and permits banks to set terms within regulatory guidelines considering cost of funds, margins and risk premiums. Establishment of industries remains a State subject. en-us Mon, 12 Dec 2022 18:56:41 +0530 Mon, 12 Dec 2022 18:56:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26014 Banks extended substantial numbers of loans in rural areas after the Covid period, with public sector banks reporting over twelve lakh loans between April 2020 and November 2022, and banks providing credit to youths for setting up enterprises. Credit decisions, including interest rates, are governed by banks' internal lending policies following the Reserve Bank circular of 9 April 2010, which deregulated credit matters and permits banks to set terms within regulatory guidelines considering cost of funds, margins and risk premiums. Establishment of industries remains a State subject. News - Mon, 12 Dec 2022 18:56:41 +0530 https://www.taxtmi.com/news?id=26014