Question
Which of the following is instruments that enable banks
to achieve their priority sector lending targets without actually disbursing loans to sectors outside their comfort zone? (STATIC)Solution
Priority Sector Lending Certificates (PSLCs) are instruments that enable banks to achieve their priority sector lending targets without actually disbursing loans to sectors outside their comfort zone. PSL certificates allow banks sitting on surplus loans to a priority sector to sell certificates to banks that haven’t met their targets, pocketing a sizeable fee for this trade.
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