RBI asks banks to give data on credit facility to minorities

RBI_0050_356According to the Ministry of Minority Affairs, Sikhs Muslims, Christians, Zoroastrians, Buddhists and Jains are the listed minority communities in India.

RBI has directed banks to furnish data on credit assistance to minority communities on a half yearly basis to the finance ministry and the central bank.

“With a view to monitoring the performance of banks in providing credit to the specified minority communities, data on credit assistance provided to members of minority communities should be furnished to Reserve Bank and to the Ministry of Finance and Ministry of Minority Affairs, on half yearly basis as on the last Friday of March and September every year,” the RBI said in a notification.

Published on CNBC TV18 Money Control