The new norms discourage lending in ... with higher priority sector credit flow," RBI said. For more news like this visit TOI. Get all the Latest News, City News, India News, Business News ...

We will look at reworking the priority sector lending (PSL) requirements for banks," the official said, adding that the issue will be discussed with the Reserve Bank of India (RBI). The power ...

The credit deployment to MSMEs in October was 15.7 per cent of India’s non-food credit of Rs 167 lakh crore, marginally up ...

After undertaking a review, it has been decided to extend the priority sector classification for bank loans to NBFCs for on-lending for 2020-21, RBI said in a statement. Further, it said ...

showed latest data on sectoral deployment of bank credit by the Reserve Bank of India (RBI). In October 2023, Rs 23.15 lakh crore was deployed in MSMEs under priority sector lending. Rs 23.36 lakh ...

This decision aims to enhance credit access for farmers without requiring security, addressing the needs of small and ...

India’s cooperative sector can generate nearly 55-56 million self-employment opportunities by 2030, from around 30 million as ...

Unauthorised lending apps pose a significant threat to consumer trust and industry stability, according to a recent survey.

"To create a robust ecosystem for electric vehicles and give a boost to the EV market, the government could look at putting EVs in the priority lending sector ... presence in India or globally ...

As times changed, lending went from the formal sector to the informal and unorganised lenders. The banking system in India was built to organise this unorganised lending through innovation and ...

The Reserve Bank of India (RBI) today revised priority sector lending (PSL) norms, adding new segments such as micro, small and medium enterprise (MSME), social infrastructure and renewable energy ...