Gold-backed agriculture loans: RBI proposes changes to priority sector lending rules; what could change for borrowers
The RBI has proposed tighter checks for banks classifying gold-backed agricultural loans as priority sector lending (PSL). It has also proposed changes to the treatment of bills discounted under letters of credit, which could increase banks' PSL requirements.
Full story
Read the full story at Mint (India) ↗
Continue reading this story on Mint (India), the publisher that reported it.
AI tools
Written by AI from the article text. It can make mistakes; check the original story.
