RBI Revises Priority Sector Lending (PSL) Guidelines for Small Finance Banks
The Reserve Bank of India (RBI), as the central banking institution, is responsible for setting and revising lending guidelines for banks in India.
Specifically, the RBI has announced revised Priority Sector Lending (PSL) guidelines applicable to Small Finance Banks (SFBs).
Effective from the Financial Year 2025-26, SFBs are required to meet a PSL target of 60%. This target is calculated based on the higher of either the Adjusted Net Bank Credit (ANBC) or the Credit Equivalent of Off-Balance Sheet Exposure (CEOBE).
Therefore, the Reserve Bank of India is the entity that revised these specific PSL guidelines.
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The base financial year for the calculation of the all India Index of Industrial Production (IIP) is:
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Consider the following statements:
1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.
2. This integration aims to improve fraud prevention and complaint management.
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Consider the following statements:
1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.
2. This integration aims to improve fraud prevention and complaint management.
3. The system was developed solely by the Reserve Bank of India.
Mark the correct statement from the above using the codes given below:
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