Consumers now to get loans up to 70pc from banks

FE REPORT | Published: July 13, 2021 10:04:13 | Updated: July 14, 2021 15:27:56

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Consumers will from now on get loans up to 70 per cent from banks to purchase digital devices from 30 per cent earlier.

The central bank issued a circular in this connection on Monday.

According to the circular, the banks and consumers debt-equity ratio has been revised to 70:30 instead of 30:70 earlier.

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