The Reserve Bank of India (RBI) has introduced significant updates to the Priority Sector Lending (PSL) Guidelines that come into effect from FY 2024-25. These revisions aim to improve credit flow to underserved sectors and regions, while simplifying compliance for banks and financial institutions. These directions apply to all Commercial Banks, including Regional Rural Banks (RRBs), Small Finance Banks (SFBs), Local Area Banks, and Primary (Urban) Co-operative Banks (UCBs), except banks for salaried earners.
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