#banking-policy
SBI eco research team says time opportune to revise priority sector lending guidelines
State Bank of India’s economic research department has suggested revision in the priority sector lending (PSL) guidelines through an increase in the limits of various categories of loans, including home loans and education loans that qualify as PSL
RBI temporarily withdraws rate caps on FCNR(B), NRE deposits till Sept 30
The Reserve Bank of India has removed interest rate caps on specific non-resident deposits. This move grants banks more freedom to attract foreign funds. The changes are effective immediately and will continue until September 2026. Banks can now offer higher …
RBI proposes rules to let lenders disable phones for loan defaults
The Reserve Bank of India is proposing to allow lenders to disable certain mobile phone functions for loan defaulters, specifically for devices financed by the loan. These restrictions, effective October 2026, will be tightly regulated, excluding essential se…
RBI proposes rules to let lenders disable phones for loan defaults
The Reserve Bank of India is proposing to allow lenders to disable certain mobile phone functions for loan defaulters, specifically for devices financed by the loan. These restrictions, effective October 2026, will be tightly regulated, excluding essential se…