Private sector banks have, for the first time, met all priority sector lending targets in 2023-24. They performed better than public sector...

Macquarie Capital warned that farm loan waivers could negatively impact banks' asset quality, particularly for public sector banks. States ...

Indian Bank, incorporated in the year 1907, is a banking company (having a market cap of Rs 33583.32 Crore).

State-run banks fell short of achieving their targets only in the microenterprises category. Private banks, on the other hand, fulfilled th...

The Reserve Bank of India's push for priority sector lending is accelerating with the PSL Certificates trading gaining traction at more tha...

Bandhan Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balanc...

At present, RBI has prescribed an enhanced target of 75% of adjusted net bank credit (ANBC) of an RRB for lending to the priority sector, a...

A few positive announcements from the affordable housing finance perspective can be expected.

Trading of PSLC was introduced in 2016 and FY18 was the first full year of its use.

In GST there is no exemption to trading in PSLCs. Thus, PSLCs are taxable as goods at standard rate of 18% under the residuary, said a circ...

Banks, with deficit in priority sector loans, are allowed to buy PSLCs from banks with surplus on a Reserve Bank of India platform.

Banks, with deficit in priority sector loans, can buy PSLCs from banks with surplus priority loans to bridge the gap for of a fee and witho...

Export credit, which has been classified as priority sector so far, will cease to be within the ambit of that sector.

On the education loans under the PSL category, the report has recommended a cap of Rs 10 lakh per borrower for both domestic education.

The implementation of the Nair Committee report on priority sector lending norms is likely to be closely watched by foreign banks present i...

Within a week of the central bank’s decision to explore trading in the mandatory lending obligations of banks, the finance ministry has dec...

The committee on financial sector reforms has proposed four key measures to further financial inclusion that merit serious consideration.