Priority Sector Lending News - Latest Updates & Headlines
Revised RBI's priority sector lending norms to further boost economy: SBI report
New Delhi, March 26: The recent amendments in priority sector lending (PSL) guidelines by the Reserve Bank of India (RBI) should further help the economy grow faster and fine tune the building blocks of the factors of productions, mainly the MSMEs, agri and allied sectors, housing and exports, etc, a report by SBI Research said on Wednesday.
RBI should include infrastructure loans in Priority Sector Lending category: SBI Report
New Delhi, March 26: The Reserve Bank of India (RBI) should include loans given to infrastructure projects--such as roads, ports, railways, airports, highways, and the energy sector--under priority sector lending (PSL) or exempt them from the calculation of Adjusted Net Bank Credit (ANBC) for PSL targets, suggests a report by State Bank of India (SBI)
RBI's revised priority sector lending norms ease credit constraints in renewable energy sector: SBI
New Delhi, March 26: The Reserve Bank of India's (RBI) revised guidelines for Priority Sector Lending (PSL) have helped ease credit constraints in the renewable energy sector, according to a report by the State Bank of India (SBI).
RBI's revised priority sector lending norms to benefit banks: Experts
New Delhi, March 25: The Reserve Bank of India's (RBI) decision to revise priority sector lending (PSL) norms will benefit banks with a significant housing loan portfolio, while also intensifying competition in the renewable energy sector, experts said on Tuesday.
RBI says banks cannot impose excessive charges on loan amounts upto Rs 50,000 under the priority sector lending
New Delhi, March 25: The Reserve Bank of India (RBI) has made it clear that banks cannot impose excessive charges, particularly on smaller loan amounts under the priority sector lending (PSL) category.
Bank credit to priority sectors jumped 85 pc to Rs 42.7 lakh crore in last 6 years: FM Sitharaman
New Delhi, March 11: The overall credit disbursement by banks to priority sectors including agriculture, MSME and social infrastructure in 2019 was Rs 23,01,567 crore, which rose to Rs 42,73,161 crore in 2024, recording an increase of 85 per cent over the six-year period, Finance Minister Nirmala Sitharaman informed the Lok Sabha on Tuesday.
NABARD sees Rs 2.8 lakh crore priority sector lending potential in Punjab
Chandigarh, February 28: NABARD has estimated a credit potential of Rs 2.79 lakh crore towards Priority Sector Lending in Punjab.