.........The Reserve Bank of India (RBI) has directed all scheduled and commercial banks as well as other lending institutions to adopt the NDMA guidelines and insist on the loan applicant to comply with the disaster resistant features laid down by the authority before sanctioning a loan. According to a circular issued by the RBI, the authority has insisted on observing the guidelines on finding that there were certain critical gaps in the context of disaster resilience and hence the guidelines were issued for addressing the gaps before clearing loan applications.............
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