RBI overhauls Lead Bank Scheme; stops ‘No Due’ certificates, pushes rural outlets, sets 60% CD ratio rule

The Reserve Bank of India is introducing new rules to make credit more accessible. Banks will no longer need ‘no dues’ certificates from borrowers. A quarter of new bank branches will open in smaller towns. Lenders must maintain a high credit-deposit ratio in rural areas. These changes aim to boost credit flow and financial inclusion across India.