Search For "priority sector lending"
Rose Merc Limited and WhatsLoan Forge Strategic Alliance to Drive Digital
Updated : 4 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], October 23: Rose Merc Limited, a leading investment and marketing firm, and WTSLN Fintech Private Limited (WhatsLoan), a pioneering TSP-Technology Service Provider in digital lending, today announced the signing of a Memorandum of Understanding (MoU) to collabor
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Loan recovery practices of NBFCs must be fair, respectful: FM Sitharaman
Updated : 8 months, 1 week ago IST
Union Finance Minister Nirmala Sitharaman emphasized that the loan recovery practices of Non-Banking Financial Companies (NBFCs) must be fair, respectful, and empathetic, and must strictly align with the Reserve Bank of India's (RBI) Fair Practices Code.
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RBI should include infrastructure loans in Priority Sector Lending categor
Updated : 11 months, 3 weeks ago IST
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, sugges
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RBI's revised priority sector lending norms ease credit constraints in ren
Updated : 11 months, 3 weeks ago IST
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).
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RBI says banks cannot impose excessive charges on loan amounts upto Rs 50,
Updated : 11 months, 3 weeks ago IST
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.
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NABARD sees Rs 2.8 lakh crore priority sector lending potential in Punjab
Updated : 1 year ago IST
National Bank for Agriculture and Rural Development (NABARD) is India's apex development bank, established in 1982, to promote sustainable and equitable agriculture and rural development.
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CII proposes reforms in PSL framework; calls for more Development Finance
Updated : 1 year, 2 months ago IST
The Confederation of Indian Industry (CII) has proposed reforms in India's Priority Sector Lending (PSL) framework and has asked for more Development Finance Institutions (DFI).
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Amidst Rising GST Collections, Analytics Will Emerge as Critical Tool for
Updated : 3 years, 2 months ago IST
Mumbai (Maharashtra) [India], December 30 (ANI/NewsVoir): The Government of India collected Rs 1.52 trillion as goods and services tax (GST) in October, reporting a 16.6 per cent year-on-year increase, driven by festive spending, better compliance, and higher tax rates. This collection is ex
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Priority sector lending can help unlock EV financing market of INR 40,000
Updated : 4 years, 1 month ago IST
New Delhi [India], January 21 (ANI/PR Newswire): A new report by NITI Aayog, RMI, and RMI India outlines the importance of priority sector recognition for retail lending in the electric mobility ecosystem. Titled Banking on Electric Vehicles in India, the report provides considerations and r
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Wholesalers, retailers to be included under MSME sector: Nitin Gadkari
Updated : 4 years, 8 months ago IST
New Delhi [India], July 2 (ANI): Union Minister Nitin Gadkari on Friday has issued an order to revise the definition for Micro, Small and Medium Enterprises by including retailers and wholesale traders under the MSMEs to extend the benefits of the priority sector lending to them.
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Edelweiss strengthens co-lending partnership with Central Bank of India fo
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 1 (ANI): Edelweiss Retail Finance Ltd (ERFL) on Tuesday announced strengthening of its co-lending partnership with Central Bank of India for priority sector lending to micro, small and medium enterprises (MSMEs).
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RBI's Rs 50,000 crore liquidity facility can increase hospital bed capacit
Updated : 4 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 7 (ANI): Crisil Ratings said on Friday the Rs 50,000 crore liquidity window offered by Reserve Bank of India (RBI) to banks under priority sector lending to augment COVID-19 healthcare infrastructure will help raise treatment capacity, availability of medici
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