🏦 RBI changes priority lending rules for specific deposits
The Reserve Bank of India (RBI) has decided to exclude loans taken against new FCNR(B) and NRE deposits from the priority sector lending calculation. This change affects banks across the country, impacting how they report their priority sector credit. The decision was announced recently, modifying existing lending guidelines. This adjustment aims to clarify the scope of priority sector lending under current banking regulations. Banks will update their internal frameworks to implement this revised calculation method.