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The central bank recently revised the incentive structure for PSL to boost credit flow to regions with lower coverage. For 196 districts with per capita PSL less than 9,000, RBI has assigned a higher weight of 125 per cent to incremental priority credit flow. For 198 districts with higher PSL (those with per capita PSL of higher than ₹42,000), the risk weight is 90 per cent.
In a notification last week, RBI said the lists of districts have been updated after a review. These lists will remain valid until FY 2026-27. Senior public sector bankers said the ambit of PSL has expanded over the period to include a wide range of areas, like food processing and renewable energy.
Esta historia es de la edición June 27, 2024 de Business Standard.
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Esta historia es de la edición June 27, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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Air India cancels US flight to ferry T20 world champions
DGCA asks for 'factual report' from the airline
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It's showtime for live entertainment
A heady cocktail of social media and youth craving for experiences has triggered a boom in live events. Can it last?
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The fate of the compensation cess
In our piece yesterday, we reviewed the performance of the Goods and Services Tax (GST) over the past seven years, emphasising that the states did well but at the cost of a revenue sacrifice by the Centre.
Near-term headwinds seen for realty stocks
Analysts suggest cautious approach, advise against exiting completely
Strong outlook for AMCs but high valuations pose risk
Given gains in equity prices, it is not surprising that the earnings of asset management companies (AMCs) are growing quicker.
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Sebi has strong case against Hindenburg, say lawyers
The Indian market regulator, the Securities and Exchange Board of India (Sebi), has a strong case against US-based short-seller Hindenburg Research, who the former has alleged to have traded based on unpublished price-sensitive information.
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Sensex may hit 87K by year-end
Analysts advise investors to stay with largecaps
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FMCG sector weight in Nifty 50 falls to lowest level since 2010
Weak financial results reason for waning investor interest: Analysts
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Yin, yang and assumptions
India and China are two of the world's largest civilisations, countries and Leconomies.
Lagging indicator
Gender diversity in India Inc still sub-optimal