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(19/01/2026 19:09)

RBI amends Priority Sector Lending (PSL) directions

The Reserve Bank of India (RBI) has issued the Priority Sector Lending – Targets and Classification (Amendment) Directions, 2026, introducing changes to its existing PSL Master Directions, 2025.

The amendments aim to:

Align the PSL framework with recent regulatory changes.

Include the National Cooperative Development Corporation (NCDC) as an eligible entity under the on-lending provisions, subject to specified conditions.

Update and clarify certain existing provisions and references in the PSL guidelines.

The revised directions will come into effect from the date specified in the amendment notification.
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