Bank audit
This query is : Resolved
Nikhil Kaushik
(Expert)
13 May 2014
yes...banks do give such loans and it is allowed.
the following categories of loans could be priced without reference to the Base Rate: (a) DRI advances (b) loans to banks’ own employees (c) loans to banks’ depositors against their own deposits.
please refer https://www.rbi.org.in/commonman/english/scripts/FAQs.aspx?Id=326
the following categories of loans could be priced without reference to the Base Rate: (a) DRI advances (b) loans to banks’ own employees (c) loans to banks’ depositors against their own deposits.
please refer https://www.rbi.org.in/commonman/english/scripts/FAQs.aspx?Id=326
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