The Reserve Bank of India (RBI) has issued a draft framework amending norms for lending by banks and NBFCs to related parties. Under the new proposal, only loans beyond certain scale-based thresholds will require board or committee approval. Scale-Based Thresholds Smaller banks with assets

Finance Minister Nirmala Sitharaman has urged banks to step up lending to the MSME sector, infrastructure projects, and industry. She emphasised that banks with strong balance sheets should take lead in driving credit growth. Collaboration with NBFCs & PSBs Sitharaman encouraged deeper partnerships between public sector banks (PSBs) and non-banking financial companies

Union Finance Minister Nirmala Sitharaman has called on non-banking financial companies (NBFCs) to follow respectful and fair practices while recovering loans. Speaking at a financial sector event in New Delhi, she stressed that while financial institutions have every right to recover dues, the methods must never compromise the dignity of borrowers. She cited instances