Question
How do Priority Sector Lending (PSL) compliance
requirements differ between foreign banks with 20 or more branches and those with fewer than 20 branches?Solution
RBI differentiates PSL requirements for foreign banks based on their branch network in India: • Foreign banks with 20 or more branches → Must comply with the same PSL targets as domestic commercial banks, which includes agriculture, MSMEs, weaker sections, etc. • Foreign banks with fewer than 20 branches → Are given flexibility. They can allocate up to 32% of their PSL requirement to export credit, unlike their larger counterparts. • This differentiation recognizes the limited physical presence of smaller foreign banks in rural/semi-urban areas, while still ensuring their contribution to priority sectors.
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