Home Business RBI says to foreign lenders set priority sector sub-targets

RBI says to foreign lenders set priority sector sub-targets

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(G.N.S) Dt. 05 Mumbai This step directed at foreign banks with over 20 branches, will impact the likes of Standard Chartered, Citi and HSBC These banks have a much higher branch presence and will be impacted by the move which comes into force from next financial year. The RBI has further tightened the priority sector lending (PSL) norms for foreign banks by directing them to mandatorily create sub-targets so that

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