RBI grants HDFC Bank 3-year relaxation for meeting PSL requirements after merger with HDFC ( Housing Development Finance Corporation Ltd ) and SEBI allows ownership change of HDFC AMC, providing more flexibility to HDFC Bank's mutual fund business.

Image
RBI grants HDFC Bank 3-year relaxation for meeting PSL requirements after merger with HDFC ( Housing Development Finance Corporation Ltd ) In April 2023, the Reserve Bank of India (RBI) announced that it has provided HDFC Bank with a relaxation of three years to meet Priority Sector Lending (PSL) requirements following its merger with Housing Development Finance Corporation Ltd (HDFC).  This move is significant as HDFC Bank is India's largest private sector lender and has been struggling to meet the mandated PSL targets due to its high exposure to the corporate sector. Understanding Priority Sector Lending (PSL) Requirements for Banks in India and the Recent Relaxation Granted to HDFC Bank PSL is a mandatory requirement for banks in India to lend a certain percentage of their loans to specific sectors like agriculture, micro and small enterprises, education, and housing.  The RBI has set a target of 40% PSL for banks in India. With this relaxation, HDFC Bank can continu

Disclaimer

  The information provided on this website (https://bankingandfinance2134.blogspot.com/) is for general informational purposes only. We strive to keep the information up to date and accurate, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website, you may be able to link to other websites which are not under our control. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, we take no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Comments

Popular posts from this blog

LIC Launches AI Chatbot LIC Mitra to Automate Customer Support Services in Collaboration with CoRover

RBI grants HDFC Bank 3-year relaxation for meeting PSL requirements after merger with HDFC ( Housing Development Finance Corporation Ltd ) and SEBI allows ownership change of HDFC AMC, providing more flexibility to HDFC Bank's mutual fund business.