Companies
RBI's PSL draft may ease banks' reliance on certificates as lending options widen
Reported by: Moneycontrol ·
Summary
Moneycontrol reported that the RBI's draft rules on priority sector lending may ease banks' reliance on certificates, as lending options widen. The report gives no figures, names or dates. Priority sector lending is a rule that asks banks to lend a set share of their loans to areas like farming, small businesses and weaker sections. A draft is a proposed version of a rule, put out for comment before it is final. Certificates here are the instruments banks use to show they have met that lending requirement, and the report says the draft may let them lean on other lending routes instead. The headline does not say what those options are or when the rule may change.
AI summary of what Moneycontrol reported. AI can make mistakes. Read the full story on Moneycontrol
Sources
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- Moneycontrol · via Google NewsMoneycontrol says it is part of Network18, which is controlled by a trust whose sole beneficiary is Reliance Industries.Read on their site
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Moneycontrol · via Google News · · Tone 0
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- What happened here, in simple words? RBI's PSL draft may ease banks' reliance on certificates as lending options widen
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