These banks, with exposure in excess of the new limits, have been asked to initiate steps to bring it down to the revised limits within six months.
"It has been decided that the exposure of StCBs and CCBs to housing finance would, henceforth, be limited to 5 per cent of their total assets, as against 10 per cent of their total loans and advances," a RBI notification said.
The assets of StCBs and CCBs may be reckoned, based on the audited balance sheet as on March 31 of the preceding financial year, it said.
The decision would curtail exposure of such lenders to real estate.
"It has been decided that the exposure of StCBs and CCBs to housing finance would, henceforth, be limited to 5 per cent of their total assets, as against 10 per cent of their total loans and advances," a RBI notification said.
The assets of StCBs and CCBs may be reckoned, based on the audited balance sheet as on March 31 of the preceding financial year, it said.
The decision would curtail exposure of such lenders to real estate.
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