Coming! New Affordable Housing Scheme

The new scheme may be announced before the Lok Sabha elections. Illustration: Dominic Xavier/Rediff.com   The government is planning a new affordable housing scheme for households in urban......

Be Prepared! Heat Waves Coming!

'The intensity and frequency of heatwaves will be much higher than in previous years over Punjab, Haryana, Rajasthan, Gujarat, Madhya Pradesh and Odisha.' IMAGE: People shield from the blistering......

Govt mulls priority sector lending certificates for banks

Government proposes to introduce Priority Sector Lending Certificates (PSLCs), on the lines of carbon credit trading, wherein banks can earn premium for exceeding targets. This will be a part of......

Bank loan to MFIs is priority sector lending: RBI

The Reserve Bank on Tuesday said that loans extended by banks to micro-finance institutions (MFIs) from April 1 onward will be classified as priority sector lending."Bank loans to all MFIs,......

SBI cuts priority sector lending rates by 50bps

In a new year gift, the State Bank of India has decided to reduce the interest rates for priority sector lending by 50 basis points across the board with effect from Wednesday.The cut of 0.5 per......

Gold loan should come under priority sector lending

It can be an useful tool in achieving the objective of Pradhan Mantri’s Jan Dhan Yojana Given the significant role played by NBFCs in supplementing the banking industry, the forthcoming......