Search For "priority sector"
RBI issues draft norms on prudential exposure limits for cooperative banks
Updated : 6 years, 2 months ago IST
Mumbai (Maharashtra) [India], Dec 30 (ANI): The Reserve Bank of India (RBI) on Monday released a draft circular on limits on exposure to single and group borrowers and revision in priority sector lending targets for urban cooperative banks (UCBs).
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Edelweiss Group, Central Bank of India partner to co-lend to MSMEs
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 2 (ANI): ECL Finance, a subsidiary of Edelweiss Financial Services, and government-owned Central Bank of India have signed an agreement for priority sector lending to micro, small and medium enterprise (MSME) customers.
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RBI announces measures to open up liquidity for NBFCs
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 7 (ANI): The Reserve Bank of India (RBI) on Wednesday announced two key measures to help non-bank financial companies (NBFCs) which are facing a severe liquidity squeeze.
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World Bank may fund priority sectors other than Amaravati project
Updated : 6 years, 7 months ago IST
Amaravati (Andhra Pradesh) [India], July 21 (ANI): The Andhra Pradesh government on Sunday said that The World Bank has given positive indications towards compensating the dropped $ 300 million loan for developing capital city of Amaravati and moving the aid to other important sectors.
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RBI directs banks to enhance housing loan limits for eligibility under pri
Updated : 6 years, 10 months ago IST
New Delhi [India], May 07 (ANI): Reserve Bank of India (RBI) has directed banks to enhance the housing loan limits for eligibility under priority sector lending (PSL) to Rs 35 lakh in metropolitan centres (with population of ten lakh and above) and Rs 25 lakh in other centres.
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Soon will hold meeting with Indian Bank Association: Suresh Prabhu
Updated : 7 years, 8 months ago IST
New Delhi [India], July 5 (ANI): Union Minister for Commerce and Industry Suresh Prabhu said that he will soon hold a meeting with Indian Bank Association to discuss the treatment of exports as priority sector lending by the banking system.
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Tough RBI tightens PSL norms for foreign banks
Updated : 8 years ago IST
New Delhi [India], Mar 5. (ANI): The Reserve Bank of India (RBI) on Monday tightened Priority Sector Lending (PSL) norms for foreign banks by directing them to mandatorily create sub-targets so that they lend a portion of their loans to small and marginal farmers, micro enterprises (MSMEs) f
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