Saturday, 8 April 2017

RBI releases paper on wholesale, long-term finance banks

The Reserve Bank of India on Friday released a discussion paper on a proposal to set up "differentiated banks" in the form of wholesale and long-term finance banks to fund large projects. The new banks will focus on lending long-term and cater to the funding needs of sectors such as infrastructure and core industries, where projects take longer to complete, the Reserve Bank of India stated in the discussion paper.

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