💨 Abstract
The Reserve Bank of India (RBI) has issued new PSL guidelines, effective from April 1, 2025, replacing the 2020 framework. Banks cannot impose excessive charges on loans under Rs 50,000 in the PSL category to protect small borrowers. Loans against gold jewellery acquired by banks from NBFCs will not be considered PSL.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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