Reserve Bank of India (RBI) has overhauled rules for extending what amount of loans to directors of other banks and relatives of directors?

• A. Rs 23 crore
• B. Rs 5 crore
• C. Rs 12 crore
• D. Rs 10 crore

Answer: (B)

Reserve Bank of India (RBI) has overhauled rules for extending loans to directors of other banks and relatives of directors. As per the amendments, the central bank has allowed banks to extend personal loans up to Rs. 5 crores to directors of other banks.