Monday, May 16, 2016

RBI issues trading norms for PSLCs

Banks can buy Priority Sector Lending Certificates (PSLCs) - on the lines of carbon credit trading - with a minimum lot size of Rs 25 lakh to meet the shortfall in priority sector lending targets.There will be four kinds of PSLCs - Agriculture, Small Farmers (SF)/Marginal Farmers (MF), Micro Enterprises and General.

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