Progress since Announcements on 23.8.2019
Quick Follow-up on Measures Announced on 23.8.19
Announcements
- Banks to launch Repo rate linked loan products
- Customer Ease: Time-bound return of loan documents
- Customer Ease: Online tracking of loan applications
- Transparent One Time Settlement (OTS) Policy
- Support to NBFCs/HFCs: Partial Credit Guarantee
- Co-origination of loans by PSBs jointly with NBFCs
Actions initiated
- 8 PSBs have launched repo-linked home/vehicle/mortgage/cash-credit loans
- Instructions issued. To be enforced through CBS. Regional Managers responsible.
- Implementation initiated with Retail/MSME on Loan Management Systems
- Instructions issued
- Sanction begun with Rs 3,300 crore and Rs 30,000 crore more in pipeline
- Bank-NBFCs tie-ups with 4 NBFCs already in place. More in pipeline.
To read more in details, find the enclosed file
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