Private banks achieve priority sector targets for first time in FY'24Private sector banks have, for the first time, met all priority sector lending targets in 2023-24. They performed better than public sector...
29 Dec, 2024, 09.56 PM IST
Yes Bank Q1 Results: Standalone PAT grows 47% YoY to Rs 502 crore, net interest income jumps 12%Yes Bank's interest expenses rose 23% year-on-year in Q1 FY25, reaching ₹5,475.11 crore. However, net profit still grew 11.2% quarter-on-qu...
20 Jul, 2024, 04.41 PM IST
Credit push to priority sector gains traction: RBI reportState-run banks fell short of achieving their targets only in the microenterprises category. Private banks, on the other hand, fulfilled th...
30 Dec, 2022, 12.26 AM IST
Priority sector lending certificates gain traction, cross Rs 6 lakh crore markThe Reserve Bank of India's push for priority sector lending is accelerating with the PSL Certificates trading gaining traction at more tha...
29 Dec, 2022, 04.38 PM IST
RBI may ease cap on regional priority sector loan portfolios by regional rural banksAt 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...
08 Apr, 2022, 12.39 AM IST
Securitisation of assets by NBFCs and mortgage lenders surge 48% in the first half of the fiscal yearThe volume grew to Rs 1 lakh crore as both established and new originators flocked to the securitization market to raise resources profile ...
14 Oct, 2019, 06.47 PM IST
Budget 2019: Time to maximise affordability to boost housing demandA few positive announcements from the affordable housing finance perspective can be expected.
23 Jan, 2019, 02.09 PM IST
Securitisation volumes up 128% to Rs 32,300 crore in June quarter: IcraPass through certificate (PTC) transactions grew by 69 per cent to Rs 11,300 crore.
17 Jul, 2018, 03.31 PM IST
Securitisation volumes down 7.2% in FY18 on GST ambiguity: ReportA shift within banks to priority sector lending certificates (PSLCs) to meet their shortfalls also dented the prospects of the securitisati...
13 Jun, 2018, 07.40 PM IST
Canara Bank reports Rs 4,860 crore loss in Q4 on 3-fold jump in provisionsNet interest income (NII) for the quarter came in at Rs 2,987 crore, up 10.3 per cent YoY.
11 May, 2018, 04.37 PM IST
Priority lending certificates come under 18 per cent GST: GovernmentIn 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...
01 Mar, 2018, 11.17 PM IST
Securitisation volume dips as banks prefer to trade priority sector lending certificatesBanks, with deficit in priority sector loans, are allowed to buy PSLCs from banks with surplus on a Reserve Bank of India platform.
12 Oct, 2017, 06.17 PM IST
Banks lap up priority sector lending certificates for meeting priority lending targetsBanks, 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...
06 Aug, 2017, 10.50 PM IST
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.
15 Mar, 2015, 12.37 PM IST
RBI report for trading PSL certificates, adding more sectorsOn the education loans under the PSL category, the report has recommended a cap of Rs 10 lakh per borrower for both domestic education.
02 Mar, 2015, 11.08 PM IST
- RBI panel report on MFIs loan recovery mechanism by Jan
Amid sharp criticism of MFIs on using coercive methods for loan recovery, the Reserve Bank today said that its sub-committee will submit a ...
02 Nov, 2010, 03.51 PM IST
- Finmin baulks at RBI proposal to allow trade in lending certificates
Within a week of the central bank’s decision to explore trading in the mandatory lending obligations of banks, the finance ministry has dec...
03 Nov, 2009, 02.24 AM IST