Include emerging sectors under priority sector lending: CIIThe Confederation of Indian Industry (CII) advocates for revising the Priority Sector Lending (PSL) framework. They propose including secto...
CII seeks reforms in India's priority sector lending frameworkIndia's industry body, CII, recommends changes to the Priority Sector Lending policy. CII suggests adding new sectors like digital infrastr...
D-Street feels HDFC merger will not impact profitabilityFor HDFC, liquidity coverage ratio (LCR) improved from 80% to 128%, helped by a sharp increase in government bond holdings. G-Secs, as a pe...
Priority Sector Lending target deadline for Urban Cooperative Banks extendedThe Reserve Bank of India (RBI) has given Indian urban cooperative banks more regulatory flexibility by extending the meeting deadline for ...
Amit Burman-promoted Poker Sports League ropes in Voot, Pocket52 as partnersIn the last season, Discovery’s DSports was the official telecast partner for the league. With Voot replacing DSports, PSL will be the worl...
RBI gets tough on MNC banks, asks them to create sub-targets to meet PSL normsThe move, directed at foreign banks with over 20 branches will impact the likes of Standard Chartered, Citi and HSBC, which much higher bra...
IDFC bank’s efforts to meet priority sector lending norms to help microfinance firmsIDFC Bank confirmed that it is looking to buy priority sector loans without discussing the names. Currently, the bank on-lends to these ins...
Revised priority sector norms to make it easy for banks to meet targets, but may dent their earningsAs of now most the priority sector loans are disbursed in the last quarter since PSL is accessed on annual basis.
New Priority Sector Lending guidelines to be out by April-end: Raghuram RajanRajan said the new norms will be as per the RBI's desire to make banking be ownership-neutral and these are the "path adjustment" which wil...
Government mulls priority sector lending certificates for banksAmong the changes proposed, renewable energy sector is likely to be accorded the priority sector lending status, up to Rs 10 crore loans.
Public sector banks can mull branch swap before consolidation: Hasmukh Adhia, Financial Services Secretary"On common equity side, the requirement is 5.5% and it is going to remain steady but today the average common equity for all PSBs is 8.2% a...
End practices of socialist era: Economic Survey's advice to revive banking sectorRevival of the state-run banking system should be on a case-to-case basis instead of a 'one-size-fits-all' approach, it said.
RBI's foreign bank norms signal prospect of more reforms: FitchAccording to Fitch these rules are unlikely to alter the banking sector's competitive landscape by itself, but does signal the prospect of ...
Govt needs to revisit priority sector lending policy for more effective financial inclusionEven if PSL remains a cornerstone of the financial sector policy, some of these issues need to be addressed.
Farm financing may decline sharply on revised priority sector lending normsThe norms for agri finance under PSL segment as revised by RBI on 20 July 2012 are expected to lead to a huge decline in lending to agri se...
- PSL norms for foreign banks: K C Chakrabarty dismisses criticism
Dismissing criticism of RBI's stance of treating foreign banks at par with domestic peers with regard to priority sector lending, RBI Deput...
- Withdrawal of PSL benefit: Cost of funds for gold loan cos to go up
RBI had last week revised its PSL norms under which a bank lends at lower interest rates to borrower institutions engaged in socially uplif...