Mumbai, Oct. 1 -- The Reserve Bank of India on Wednesday announced a series of steps aimed at improving the flow of credit in the economy and furthering ease of doing business.

RBI Governor said Indian banks will soon be allowed to finance acquisitions by domestic corporates under an enabling framework. The central bank proposed to remove the regulatory ceiling on lending against listed debt securities. In addition, the lending limit against shares will be raised from Rs 20 lakh to Rs 1 crore per person, while IPO financing will see its ceiling enhanced from Rs 10 lakh to Rs 25 lakh.

The RBI will also withdraw the 2016 framework that discouraged bank lending to borrowers with system-wide credit exposure of Rs 10,000 crore or more. While...