The Reserve Bank of India (RBI) has asked all banks to waive collateral, mortgage and any margin deposits against farm loans up to a limit of ₹2 lakh, the central bank said on Saturday. The new rule will be applicable from January 2025.
The Reserve Bank of India (RBI) has asked all banks to waive collateral, mortgage and any margin deposits against farm loans up to a limit of ₹2 lakh, the central bank said on Saturday. The new rule will be applicable from January 2025.
