Consolidation of Instructions Related to Priority Sector Lending – Drafts for Comments
As part of the ongoing effort towards consolidation of various instructions issued from time to time, the Reserve Bank has undertaken a review of the extant guidelines relating to Priority Sector Lending (PSL) and proposes to issue Directions on the subject RE-wise. 2. Accordingly, the following draft Directions are being placed on the website for public comments: Reserve Bank of India…
The Reserve Bank of India (RBI) is consolidating existing instructions on Priority Sector Lending (PSL) and is seeking public feedback on proposed draft Directions. The bank has issued draft Directions for Commercial Banks, Small Finance Banks, Local Area Banks, Regional Rural Banks, and Urban Co-operative Banks, outlining targets and classification for PSL.
The consolidation process aims to streamline the instructions and eliminate any that are not included in the consolidated draft. The public has a window of 26 days to submit comments or feedback through the RBI's website or email, using the specified channels and subject lines.
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