Leader Admonishes Majlis for Overloading Banks With Loans

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has warned lawmakers about passing legislation that put banks under additional financial pressure. 
The rare caveat came in a follow-up to the letter by Governor of Central Bank of Iran Ali Salehabadi to the Leader in which he expressed concern about the negative effects of mandatory lending by banks on key economic indices, namely inflation. 
Majlis Speaker Mohammad Baqer Qalibaf communicated the Leader’s warning to the chamber on Monday, the CBI website reported.
The parliament has come under strong criticism recently for passing laws that compel banks to lend in the framework of the 2022-23 budget. 
Such orders are seen in Note 16 of the budget bill, which obliges the state, private and non-banking credit institutions to allocate big segment of their resources as interest-free loans to various sectors.