US EditionRBI Update - Master Circular - Credit Facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) (Applicable - Chairman/ Managing Director / Chief Executive Officer All Scheduled Commercial Banks (including Small Finance Banks)) - Mehta & Mehta
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RBI Update - Master Circular - Credit Facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) (Applicable - Chairman/ Managing Director / Chief Executive Officer All Scheduled Commercial Banks (including Small Finance Banks)) - Mehta & Mehta
RBI has issued Master Circular – Credit Facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) directs banks to enhance credit access for these communities through targeted planning, support mechanisms, and monitoring. It emphasizes collaboration with local agencies, prioritizing SC/ST needs in credit plans, easing loan application processes, avoiding upfront deposit requirements, and timely subsidy disbursements. Banks must create aware…
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