Mumbai: The Reserve Bank of India (RBI) on Wednesday announced a major set of changes to make bank credit more accessible for companies and individuals.

The central bank has decided to allow banks to finance acquisitions by Indian corporates, while also easing restrictions on lending against shares and debt securities.

Governor Sanjay Malhotra, after the Monetary Policy Committee (MPC) meeting, said that the RBI will put in place an enabling framework to help banks provide loans for acquisitions.

The move comes after the State Bank of India had requested the regulator to allow such financing.

Malhotra also said that the central bank has removed the regulatory ceiling on lending against listed debt securities.

At the same time, the lending limit against shares has been increased from

See Full Page