Corporate Updates 13 March 2014

Reserve Bank of India: 

RBI has modified Priority Sector Lending targets and classification on-lending-pricing criteria and decided that all banks have to ensure MFIs comply with the cap on individual loans and margin cap in order to be eligible to classify the loans under priority sector. However, all other guidelines will remain unchanged. For detailed notification please click here.

Competition Law: 

The Competition Commission of India has held in his judgment given in a recent case that presence of several real estate developers in relevant market makes it competitive and rules out dominance of opposite party in that market and further clarified that it is not an abuse of dominance by the party as other players also had access to real estate market.

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