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RBI Says Banks Cannot Impose Excessive Charges on Loan Amounts Upto INR 50,000 Under the Priority Sector Lending

Summary by Latestly
The Reserve Bank of India (RBI) has made it clear that banks cannot impose excessive charges, particularly on smaller loan amounts under the priority sector lending (PSL) category. RBI Says Banks Cannot Impose Excessive Charges on Loan Amounts Upto INR 50,000 Under the Priority Sector Lending.

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RBI Says Banks Cannot Impose Excessive Charges on Loan Amounts Upto INR 50,000 Under the Priority Sector Lending

The Reserve Bank of India (RBI) has made it clear that banks cannot impose excessive charges, particularly on smaller loan amounts under the priority sector lending (PSL) category. RBI Says Banks Cannot Impose Excessive Charges on Loan Amounts Upto INR 50,000 Under the Priority Sector Lending.

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NDTV ProfitNDTV Profit

Revised PSL Norms To Aid Big Banks, Intensify Competition In Renewable Energy Sector

The Reserve Bank of India's move to enhance priority sector lending guidelines will help banks with larger share of housing loan book but will also intensify competition in the renewable energy space, three bankers told NDTV Profit.State Bank of India, HDFC Bank, ICICI Bank, and Axis Bank stand to benefit the most from an increase in housing loan limits under PSL.Under retail loans, HDFC Bank's retail mortgage book was Rs 8.17 lakh crore at the …

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mehta-mehtaadvisory.commehta-mehtaadvisory.com

RBI Update - Review of Priority Sector Lending (PSL) Target – Urban Co-operative Banks (UCBs) - Mehta & Mehta

Revised PSL Target for Urban Co-operative Banks (UCBs) The guidelines also revise the overall PSL target for Urban Co-operative Banks (UCBs). The new target mandates that UCBs must ensure that 60 percent of their Adjusted Net Bank Credit (ANBC) or Credit Equivalent of Off-Balance Sheet Exposures (CEOBSE), whichever is higher, is allocated to the priority sector. This revision underscores the importance of ensuring that UCBs play an active role i…

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Latestly broke the news in on Tuesday, March 25, 2025.
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