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RBI issues revised priority sector lending guidelines

Reserve Bank of India has issued the revised guidelines on priority sector lending (PSL) after a comprehensive review of existing provisions taking into account feedback from stakeholders. The guidelines will come into effect from April 1 and include the following...
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Reserve Bank of India has issued the revised guidelines on priority sector lending (PSL) after a comprehensive review of existing provisions taking into account feedback from stakeholders.

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The guidelines will come into effect from April 1 and include the following major changes such as enhancement of several loan limits, including housing loans for enhanced PSL coverage and roadening of the purposes based on which loans may be classified under ‘Renewable Energy’.

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