Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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</span></span></code>
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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;RBI Deputy Governor says such loans support economic activity, generate income &amp;amp; surplus&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The excessive lending to corporate sector was the outcome of what I call &amp;ldquo;least input and maximum output&amp;rdquo; approach.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;&amp;lsquo;Noteworthy changes&amp;rsquo;&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Speaking at a recent &amp;lsquo;Conference on credit flow to priority sector &amp;mdash; policy and implementation&amp;rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;A couple of noteworthy changes have happened in the recent past &amp;mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&amp;rdquo; explained Mundra.&lt;br /&gt;
&lt;br /&gt;
Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.&lt;br /&gt;
&lt;br /&gt;
He referred to the fact that there has already been a conscious move by banks into the &amp;lsquo;retail&amp;rsquo; segment from corporate.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;&amp;lsquo;Not productive&amp;rsquo;&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&amp;ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&amp;rdquo; Mundra said.&lt;br /&gt;
&lt;br /&gt;
Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
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-The Hindu Business Line

RBI Deputy Governor says such loans support economic activity, generate income &amp;amp; surplus

Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;RBI Deputy Governor says such loans support economic activity, generate income &amp;amp; surplus&lt;br /&gt;&lt;br /&gt;Mumbai: &lt;/em&gt;Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The excessive lending to corporate sector was the outcome of what I call &amp;ldquo;least input and maximum output&amp;rdquo; approach.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&amp;rdquo; he said.&lt;br /&gt;&lt;br /&gt;Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;&amp;lsquo;Noteworthy changes&amp;rsquo;&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Speaking at a recent &amp;lsquo;Conference on credit flow to priority sector &amp;mdash; policy and implementation&amp;rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;A couple of noteworthy changes have happened in the recent past &amp;mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&amp;rdquo; explained Mundra.&lt;br /&gt;&lt;br /&gt;Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.&lt;br /&gt;&lt;br /&gt;He referred to the fact that there has already been a conscious move by banks into the &amp;lsquo;retail&amp;rsquo; segment from corporate.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;&amp;lsquo;Not productive&amp;rsquo;&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&amp;ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&amp;rdquo; Mundra said.&lt;br /&gt;&lt;br /&gt;Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true&quot; title=&quot;http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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&lt;br /&gt;
&lt;em&gt;RBI Deputy Governor says such loans support economic activity, generate income &amp;amp; surplus&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The excessive lending to corporate sector was the outcome of what I call &amp;ldquo;least input and maximum output&amp;rdquo; approach.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;&amp;lsquo;Noteworthy changes&amp;rsquo;&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Speaking at a recent &amp;lsquo;Conference on credit flow to priority sector &amp;mdash; policy and implementation&amp;rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;A couple of noteworthy changes have happened in the recent past &amp;mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&amp;rdquo; explained Mundra.&lt;br /&gt;
&lt;br /&gt;
Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.&lt;br /&gt;
&lt;br /&gt;
He referred to the fact that there has already been a conscious move by banks into the &amp;lsquo;retail&amp;rsquo; segment from corporate.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;&amp;lsquo;Not productive&amp;rsquo;&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&amp;ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&amp;rdquo; Mundra said.&lt;br /&gt;
&lt;br /&gt;
Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Hindu Business Line, 17 July, 2017, http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true&#039;,
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-The Hindu Business Line

RBI Deputy Governor says such loans support economic activity, generate income &amp;amp; surplus

Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy...&#039;
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-The Hindu Business Line

RBI Deputy Governor says such loans support economic activity, generate income &amp; surplus

Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy..."/>
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                <strong>Lending to priority sector is good business, Mundra tells banks</strong></h1>
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                <div align="justify">-The Hindu Business Line<br /><br /><em>RBI Deputy Governor says such loans support economic activity, generate income &amp; surplus<br /><br />Mumbai: </em>Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.<br /><br />&ldquo;The excessive lending to corporate sector was the outcome of what I call &ldquo;least input and maximum output&rdquo; approach.<br /><br />&ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&rdquo; he said.<br /><br />Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.<br /><br /><em>&lsquo;Noteworthy changes&rsquo;<br /></em><br />Speaking at a recent &lsquo;Conference on credit flow to priority sector &mdash; policy and implementation&rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.<br /><br />&ldquo;A couple of noteworthy changes have happened in the recent past &mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.<br /><br />&ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&rdquo; explained Mundra.<br /><br />Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.<br /><br />He referred to the fact that there has already been a conscious move by banks into the &lsquo;retail&rsquo; segment from corporate.<br /><br /><em>&lsquo;Not productive&rsquo;<br /></em><br />&ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.<br /><br />&ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&rdquo; Mundra said.<br /><br />Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. <br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true">click here</a> to read more.<br /><br /><br /></div>               </font>
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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;RBI Deputy Governor says such loans support economic activity, generate income &amp;amp; surplus&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The excessive lending to corporate sector was the outcome of what I call &amp;ldquo;least input and maximum output&amp;rdquo; approach.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;&amp;lsquo;Noteworthy changes&amp;rsquo;&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Speaking at a recent &amp;lsquo;Conference on credit flow to priority sector &amp;mdash; policy and implementation&amp;rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;A couple of noteworthy changes have happened in the recent past &amp;mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&amp;rdquo; explained Mundra.&lt;br /&gt;
&lt;br /&gt;
Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.&lt;br /&gt;
&lt;br /&gt;
He referred to the fact that there has already been a conscious move by banks into the &amp;lsquo;retail&amp;rsquo; segment from corporate.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;&amp;lsquo;Not productive&amp;rsquo;&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&amp;ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&amp;rdquo; Mundra said.&lt;br /&gt;
&lt;br /&gt;
Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
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-The Hindu Business Line

RBI Deputy Governor says such loans support economic activity, generate income &amp;amp; surplus

Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;RBI Deputy Governor says such loans support economic activity, generate income &amp;amp; surplus&lt;br /&gt;&lt;br /&gt;Mumbai: &lt;/em&gt;Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The excessive lending to corporate sector was the outcome of what I call &amp;ldquo;least input and maximum output&amp;rdquo; approach.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&amp;rdquo; he said.&lt;br /&gt;&lt;br /&gt;Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;&amp;lsquo;Noteworthy changes&amp;rsquo;&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Speaking at a recent &amp;lsquo;Conference on credit flow to priority sector &amp;mdash; policy and implementation&amp;rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;A couple of noteworthy changes have happened in the recent past &amp;mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&amp;rdquo; explained Mundra.&lt;br /&gt;&lt;br /&gt;Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.&lt;br /&gt;&lt;br /&gt;He referred to the fact that there has already been a conscious move by banks into the &amp;lsquo;retail&amp;rsquo; segment from corporate.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;&amp;lsquo;Not productive&amp;rsquo;&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&amp;ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&amp;rdquo; Mundra said.&lt;br /&gt;&lt;br /&gt;Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true&quot; title=&quot;http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;RBI Deputy Governor says such loans support economic activity, generate income &amp;amp; surplus&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The excessive lending to corporate sector was the outcome of what I call &amp;ldquo;least input and maximum output&amp;rdquo; approach.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;&amp;lsquo;Noteworthy changes&amp;rsquo;&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Speaking at a recent &amp;lsquo;Conference on credit flow to priority sector &amp;mdash; policy and implementation&amp;rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;A couple of noteworthy changes have happened in the recent past &amp;mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&amp;rdquo; explained Mundra.&lt;br /&gt;
&lt;br /&gt;
Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.&lt;br /&gt;
&lt;br /&gt;
He referred to the fact that there has already been a conscious move by banks into the &amp;lsquo;retail&amp;rsquo; segment from corporate.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;&amp;lsquo;Not productive&amp;rsquo;&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&amp;ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&amp;rdquo; Mundra said.&lt;br /&gt;
&lt;br /&gt;
Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;br /&gt;
&lt;br /&gt;
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-The Hindu Business Line

RBI Deputy Governor says such loans support economic activity, generate income &amp;amp; surplus

Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy...&#039;
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-The Hindu Business Line

RBI Deputy Governor says such loans support economic activity, generate income &amp; surplus

Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy..."/>
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                <strong>Lending to priority sector is good business, Mundra tells banks</strong></h1>
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                <div align="justify">-The Hindu Business Line<br /><br /><em>RBI Deputy Governor says such loans support economic activity, generate income &amp; surplus<br /><br />Mumbai: </em>Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.<br /><br />&ldquo;The excessive lending to corporate sector was the outcome of what I call &ldquo;least input and maximum output&rdquo; approach.<br /><br />&ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&rdquo; he said.<br /><br />Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.<br /><br /><em>&lsquo;Noteworthy changes&rsquo;<br /></em><br />Speaking at a recent &lsquo;Conference on credit flow to priority sector &mdash; policy and implementation&rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.<br /><br />&ldquo;A couple of noteworthy changes have happened in the recent past &mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.<br /><br />&ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&rdquo; explained Mundra.<br /><br />Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.<br /><br />He referred to the fact that there has already been a conscious move by banks into the &lsquo;retail&rsquo; segment from corporate.<br /><br /><em>&lsquo;Not productive&rsquo;<br /></em><br />&ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.<br /><br />&ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&rdquo; Mundra said.<br /><br />Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. <br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true">click here</a> to read more.<br /><br /><br /></div>               </font>
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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;RBI Deputy Governor says such loans support economic activity, generate income &amp;amp; surplus&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The excessive lending to corporate sector was the outcome of what I call &amp;ldquo;least input and maximum output&amp;rdquo; approach.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;&amp;lsquo;Noteworthy changes&amp;rsquo;&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Speaking at a recent &amp;lsquo;Conference on credit flow to priority sector &amp;mdash; policy and implementation&amp;rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;A couple of noteworthy changes have happened in the recent past &amp;mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&amp;rdquo; explained Mundra.&lt;br /&gt;
&lt;br /&gt;
Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.&lt;br /&gt;
&lt;br /&gt;
He referred to the fact that there has already been a conscious move by banks into the &amp;lsquo;retail&amp;rsquo; segment from corporate.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;&amp;lsquo;Not productive&amp;rsquo;&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&amp;ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&amp;rdquo; Mundra said.&lt;br /&gt;
&lt;br /&gt;
Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
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RBI Deputy Governor says such loans support economic activity, generate income &amp;amp; surplus

Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;RBI Deputy Governor says such loans support economic activity, generate income &amp;amp; surplus&lt;br /&gt;&lt;br /&gt;Mumbai: &lt;/em&gt;Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The excessive lending to corporate sector was the outcome of what I call &amp;ldquo;least input and maximum output&amp;rdquo; approach.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&amp;rdquo; he said.&lt;br /&gt;&lt;br /&gt;Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;&amp;lsquo;Noteworthy changes&amp;rsquo;&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Speaking at a recent &amp;lsquo;Conference on credit flow to priority sector &amp;mdash; policy and implementation&amp;rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;A couple of noteworthy changes have happened in the recent past &amp;mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&amp;rdquo; explained Mundra.&lt;br /&gt;&lt;br /&gt;Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.&lt;br /&gt;&lt;br /&gt;He referred to the fact that there has already been a conscious move by banks into the &amp;lsquo;retail&amp;rsquo; segment from corporate.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;&amp;lsquo;Not productive&amp;rsquo;&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&amp;ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&amp;rdquo; Mundra said.&lt;br /&gt;&lt;br /&gt;Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true&quot; title=&quot;http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;RBI Deputy Governor says such loans support economic activity, generate income &amp;amp; surplus&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The excessive lending to corporate sector was the outcome of what I call &amp;ldquo;least input and maximum output&amp;rdquo; approach.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;&amp;lsquo;Noteworthy changes&amp;rsquo;&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Speaking at a recent &amp;lsquo;Conference on credit flow to priority sector &amp;mdash; policy and implementation&amp;rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;A couple of noteworthy changes have happened in the recent past &amp;mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&amp;rdquo; explained Mundra.&lt;br /&gt;
&lt;br /&gt;
Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.&lt;br /&gt;
&lt;br /&gt;
He referred to the fact that there has already been a conscious move by banks into the &amp;lsquo;retail&amp;rsquo; segment from corporate.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;&amp;lsquo;Not productive&amp;rsquo;&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&amp;ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&amp;rdquo; Mundra said.&lt;br /&gt;
&lt;br /&gt;
Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
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-The Hindu Business Line

RBI Deputy Governor says such loans support economic activity, generate income &amp;amp; surplus

Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;RBI Deputy Governor says such loans support economic activity, generate income &amp;amp; surplus&lt;br /&gt;&lt;br /&gt;Mumbai: &lt;/em&gt;Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The excessive lending to corporate sector was the outcome of what I call &amp;ldquo;least input and maximum output&amp;rdquo; approach.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&amp;rdquo; he said.&lt;br /&gt;&lt;br /&gt;Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;&amp;lsquo;Noteworthy changes&amp;rsquo;&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Speaking at a recent &amp;lsquo;Conference on credit flow to priority sector &amp;mdash; policy and implementation&amp;rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;A couple of noteworthy changes have happened in the recent past &amp;mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&amp;rdquo; explained Mundra.&lt;br /&gt;&lt;br /&gt;Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.&lt;br /&gt;&lt;br /&gt;He referred to the fact that there has already been a conscious move by banks into the &amp;lsquo;retail&amp;rsquo; segment from corporate.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;&amp;lsquo;Not productive&amp;rsquo;&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&amp;ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&amp;rdquo; Mundra said.&lt;br /&gt;&lt;br /&gt;Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true&quot; title=&quot;http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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-The Hindu Business Line

RBI Deputy Governor says such loans support economic activity, generate income &amp; surplus

Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy..."/>
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                <strong>Lending to priority sector is good business, Mundra tells banks</strong></h1>
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                <div align="justify">-The Hindu Business Line<br /><br /><em>RBI Deputy Governor says such loans support economic activity, generate income &amp; surplus<br /><br />Mumbai: </em>Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.<br /><br />&ldquo;The excessive lending to corporate sector was the outcome of what I call &ldquo;least input and maximum output&rdquo; approach.<br /><br />&ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&rdquo; he said.<br /><br />Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.<br /><br /><em>&lsquo;Noteworthy changes&rsquo;<br /></em><br />Speaking at a recent &lsquo;Conference on credit flow to priority sector &mdash; policy and implementation&rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.<br /><br />&ldquo;A couple of noteworthy changes have happened in the recent past &mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.<br /><br />&ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&rdquo; explained Mundra.<br /><br />Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.<br /><br />He referred to the fact that there has already been a conscious move by banks into the &lsquo;retail&rsquo; segment from corporate.<br /><br /><em>&lsquo;Not productive&rsquo;<br /></em><br />&ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.<br /><br />&ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&rdquo; Mundra said.<br /><br />Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. <br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true">click here</a> to read more.<br /><br /><br /></div>               </font>
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-The Hindu Business Line<br />
<br />
<em>RBI Deputy Governor says such loans support economic activity, generate income &amp; surplus<br />
<br />
Mumbai: </em>Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.<br />
<br />
&ldquo;The excessive lending to corporate sector was the outcome of what I call &ldquo;least input and maximum output&rdquo; approach.<br />
<br />
&ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&rdquo; he said.<br />
<br />
Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.<br />
<br />
<em>&lsquo;Noteworthy changes&rsquo;<br />
</em><br />
Speaking at a recent &lsquo;Conference on credit flow to priority sector &mdash; policy and implementation&rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.<br />
<br />
&ldquo;A couple of noteworthy changes have happened in the recent past &mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.<br />
<br />
&ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&rdquo; explained Mundra.<br />
<br />
Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.<br />
<br />
He referred to the fact that there has already been a conscious move by banks into the &lsquo;retail&rsquo; segment from corporate.<br />
<br />
<em>&lsquo;Not productive&rsquo;<br />
</em><br />
&ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.<br />
<br />
&ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&rdquo; Mundra said.<br />
<br />
Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. <br />
<br />
Please <a href="http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true">click here</a> to read more.<br />
<br />
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-The Hindu Business Line

RBI Deputy Governor says such loans support economic activity, generate income &amp; surplus

Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy...',
	'disp' => '<div align="justify">-The Hindu Business Line<br /><br /><em>RBI Deputy Governor says such loans support economic activity, generate income &amp; surplus<br /><br />Mumbai: </em>Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.<br /><br />&ldquo;The excessive lending to corporate sector was the outcome of what I call &ldquo;least input and maximum output&rdquo; approach.<br /><br />&ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&rdquo; he said.<br /><br />Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.<br /><br /><em>&lsquo;Noteworthy changes&rsquo;<br /></em><br />Speaking at a recent &lsquo;Conference on credit flow to priority sector &mdash; policy and implementation&rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.<br /><br />&ldquo;A couple of noteworthy changes have happened in the recent past &mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.<br /><br />&ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&rdquo; explained Mundra.<br /><br />Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.<br /><br />He referred to the fact that there has already been a conscious move by banks into the &lsquo;retail&rsquo; segment from corporate.<br /><br /><em>&lsquo;Not productive&rsquo;<br /></em><br />&ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.<br /><br />&ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&rdquo; Mundra said.<br /><br />Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. <br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true">click here</a> to read more.<br /><br /><br /></div>',
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	'title' => 'Lending to priority sector is good business, Mundra tells banks',
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-The Hindu Business Line<br />
<br />
<em>RBI Deputy Governor says such loans support economic activity, generate income &amp; surplus<br />
<br />
Mumbai: </em>Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.<br />
<br />
&ldquo;The excessive lending to corporate sector was the outcome of what I call &ldquo;least input and maximum output&rdquo; approach.<br />
<br />
&ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&rdquo; he said.<br />
<br />
Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.<br />
<br />
<em>&lsquo;Noteworthy changes&rsquo;<br />
</em><br />
Speaking at a recent &lsquo;Conference on credit flow to priority sector &mdash; policy and implementation&rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.<br />
<br />
&ldquo;A couple of noteworthy changes have happened in the recent past &mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.<br />
<br />
&ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&rdquo; explained Mundra.<br />
<br />
Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.<br />
<br />
He referred to the fact that there has already been a conscious move by banks into the &lsquo;retail&rsquo; segment from corporate.<br />
<br />
<em>&lsquo;Not productive&rsquo;<br />
</em><br />
&ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.<br />
<br />
&ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&rdquo; Mundra said.<br />
<br />
Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. <br />
<br />
Please <a href="http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true">click here</a> to read more.<br />
<br />
<br />
</div>',
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-The Hindu Business Line

RBI Deputy Governor says such loans support economic activity, generate income &amp; surplus

Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy...'
$disp = '<div align="justify">-The Hindu Business Line<br /><br /><em>RBI Deputy Governor says such loans support economic activity, generate income &amp; surplus<br /><br />Mumbai: </em>Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons.<br /><br />&ldquo;The excessive lending to corporate sector was the outcome of what I call &ldquo;least input and maximum output&rdquo; approach.<br /><br />&ldquo;With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,&rdquo; he said.<br /><br />Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy.<br /><br /><em>&lsquo;Noteworthy changes&rsquo;<br /></em><br />Speaking at a recent &lsquo;Conference on credit flow to priority sector &mdash; policy and implementation&rsquo; held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now.<br /><br />&ldquo;A couple of noteworthy changes have happened in the recent past &mdash; there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated.<br /><br />&ldquo;These developments would push the corporates to gradually shift to markets for meeting their funding requirements,&rdquo; explained Mundra.<br /><br />Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment.<br /><br />He referred to the fact that there has already been a conscious move by banks into the &lsquo;retail&rsquo; segment from corporate.<br /><br /><em>&lsquo;Not productive&rsquo;<br /></em><br />&ldquo;I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities.<br /><br />&ldquo;On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,&rdquo; Mundra said.<br /><br />Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. <br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/lending-to-priority-sector-is-good-business-mundra-tells-banks/article9773575.ece?homepage=true">click here</a> to read more.<br /><br /><br /></div>'
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Lending to priority sector is good business, Mundra tells banks

-The Hindu Business Line RBI Deputy Governor says such loans support economic activity, generate income & surplus Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons. “The excessive lending to corporate sector was the outcome of what I call “least input and maximum output” approach. “With little effort one could create large credit volumes whereas creating similar volumes in the priority sector would have required commitment of larger resources in terms of branch staff and operating people,” he said. Priority sector loans include those given by banks to segments such as agriculture, micro, small and medium enterprises, affordable housing, and renewable energy. ‘Noteworthy changes’ Speaking at a recent ‘Conference on credit flow to priority sector — policy and implementation’ held at the College of Agricultural Banking, Pune, the Deputy Governor pointed out that because of the regulatory dimension, focussing on smaller loans would become all the more necessary now. “A couple of noteworthy changes have happened in the recent past — there is a revision of single and group borrower exposure limits and an overall ceiling on exposure of an entity to the banking system has been mandated. “These developments would push the corporates to gradually shift to markets for meeting their funding requirements,” explained Mundra. Apart from the bitter experience (of lending to corporates) of the past and the need for risk diversification, Mundra said banks should look at priority sector lending for better business opportunities due to the earning potential presented by the segment. He referred to the fact that there has already been a conscious move by banks into the ‘retail’ segment from corporate. ‘Not productive’ “I am not suggesting that movement to retail is not okay, but from overall economic and credit perspective, retail loans are not productive loans in the hands of the borrower as they neither generate income nor they lead to further economic activities. “On the contrary, loans to segments such as agriculture, small and micro enterprises do support economic activities, generate income and also surplus. Such borrowers then become worthy recipients of retail credit. That is the larger philosophy and reason for moving over to priority sector as a business case,” Mundra said. Each credit extended by banks to priority sector can be a life-changing event and the priority sector credit as a whole can change the lives of a multitude of people of this country, he added. Please click here to read more.