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Mumbai: Both regular banks and non-banking lenders could move to the direct allocation route on Co-Lent Assets, anticipating a delay in such deals after the central bank decided to sharpen the rules, said industry experts. The co-loan industry is estimated at more than £ 1 lakh crore. Credit providers said that the new reserve Bank […]
Each entity under a CO loan agreement (CLA) is obliged to keep at least 10 percent share of individual loans in its books | Photocredit: Reuters The Reserve Bank of India (RBI) launched the final co-loan standards on Wednesday, whereby each entity must retain a minimum of 10 percent of the individual loans in its […]
