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PRIORITY LENDING CERTIFICATES
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 26%Just look at developments in the past 48 hours. The war between Iran and Israel resumed, but within hours Tehran said it had halted all off...- Priority sector lending boosts inclusion, not always guarantee growth: EAC-PMIndia's priority sector lending has aided financial inclusion for decades. However, a recent report suggests that simply increasing directe...
- Canara Bank sees NIM floor at 2.5%, confident of absorbing ECL hit without fresh equityCanara Bank anticipates a strong FY27. Margins are stable, and asset quality remains robust. The bank can manage upcoming provisioning need...
- EAC-PM calls for changes in priority sector lending to enhance efficiency; greater flexibility to banksAn Economic Advisory Council to the Prime Minister paper has proposed shifting priority sector lending focus from economic efficiency to so...
- RBI tightens PSL norms, mandates auditor certification for lendersThe Reserve Bank of India has strengthened priority sector lending compliance, mandating external auditor certificates from intermediaries ...
- 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...
- 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...
- 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...
- Education loans the newest asset class in securitisation martBanks dominate the education loan segment as it is eligible for priority sector lending, NBFC's have also been steadily scaling up.
- 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...
- 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.
- 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...
- Securitisation market volume rises in FY 2016: Care RatingsCare said that a decline in securitisation by these new banks would result in slower issuance of these securities in the current fiscal yea...
- SKS Microfinance raises Rs 2800 crore in securitisation dealsSecuritisation is a process of pooling various types of loan receivables and selling their related cash flows to third party investors as s...
- Securitisation market lose steam, volume may dip furtherThe fresh issuance volume saw 40% drop last year over the previous fiscal to Rs 17,200 crore which is less than half the quantum securitize...
- RBI revises priority sector norms, includes more categoriesRBI said on Thursday that foreign banks that have more than 20 branches should achieve lending targets to agriculture, small and medium siz...
- 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.
- Finmin baulks at RBI proposal to allow trade in lending certificatesWithin a week of the central bank’s decision to explore trading in the mandatory lending obligations of banks, the finance ministry has dec...
- Trading of ‘forced’ loans in the worksThe Reserve Bank of India (RBI) has started preparing guidelines for trading of directed credit obligations-loans which every bank is requi...
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