Search results
Results from the WOW.Com Content Network
Priority Sector Lending Certificates is a tool for promoting comparative advantages among banks while they meet their priority sector lending obligations in India. "Banks with a comparative advantage in lending to the priority sector should earn priority sector lending certificates [social credits] while those falling short of the target would be required to buy priority sector lending ...
Priority sector lending is lending to those sectors of the economy which may not otherwise receive timely and adequate credit. This role is assigned by the Reserve Bank of India to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro- and small enterprises, education, housing for the poor, and other low-income ...
Earlier the Narasimham Committee-I had broadly concluded that the main reason for the reduced profitability of the commercial banks in India was the priority sector lending. The committee had highlighted that 'priority sector lending' was leading to the buildup of non-performing assets of the banks and thus it recommended it to be phased out. [10]
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Donate; Pages for logged out editors learn more
This could be achieved by placing rule-making functions related to development (e.g. regulations for priority sector lending) closer to the fiscal authority, while asking regulatory agencies to verify compliance (i.e. to perform the supervisory function).
The program was funded by the U.S. Agency for International Development, or USAID. A Jan. 31 DOGE post on X included a table that claims $1 billion in savings from more than 100 DEIA-related ...
8 Reserve Bank of India Priority Sector Lending Certificates FAQs updated on 22 Nov 2016 1 comment 9 "Market-based pricing" and "Background" edited based on the Reserve Bank of India Annual Report 2016-17
Image source: The Motley Fool. General Motors (NYSE: GM) Q4 2024 Earnings Call Jan 28, 2025, 8:30 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...