The Reserve Bank of India (RBI) has released the provisioning guidelines for outstanding loans extended by ‘NBFC-Upper Layer’.
These guidelines shall be effective from October 1, 2022. Individual housing loans and loans to Small and Micro Enterprises (SMEs): 0.25%. Housing loans extended at teaser rates: 2% (decrease to 0.4% after 1 year from the date on which the rates are raised.) Advances to Commercial Real Estate- Residential Housing (CRE – RH) Sector: 0.75%.