MUMBAI -- The Reserve Bank of India has eased limits on bank lending to the country's troubled nonbank sector. The central bank hopes to increase liquidity and fuel consumer demand as economic growth falls to a six-year low.
The central bank increased banks' loan exposure limit to any one nonbank institution to 20% of core capital, up from 15%. The limit can be raised to 25% by bank boards under exceptional circumstances, the Reserve Bank of India said in a recent statement.
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