Q83. With reference to Priority Sector Lending Certificates (PSLCs), consider the following statements:
1. They are issued to lenders who have made loans to categories eligible under PSL.
2. They are non-tradable certificates.
Which of the above statement(s) is/are not correct?
Q83. With reference to Priority Sector Lending Certificates (PSLCs), consider the following statements:
1. They are issued to lenders who have made loans to categories eligible under PSL.
2. They are non-tradable certificates.
Which of the above statement(s) is/are not correct?
The correct option is B (b) Only 2
Any registered lender (including microfinance institutions, cooperative banks, banking correspondents, etc.) who has made loans to eligible categories would get 'Priority Sector Lending Certificates' (PSLC) for the amount of these loans.
Priority Sector Lending Certificates (PSLCs) are tradable certificates issued against priority sector loans of banks so as to enable banks to achieve their specified target and subtargets for priority sector lending through purchase of these instruments in the event of a shortfall
(b) Only 2
Any registered lender (including microfinance institutions, cooperative banks, banking correspondents, etc.) who has made loans to eligible categories would get 'Priority Sector Lending Certificates' (PSLC) for the amount of these loans.
Priority Sector Lending Certificates (PSLCs) are tradable certificates issued against priority sector loans of banks so as to enable banks to achieve their specified target and subtargets for priority sector lending through purchase of these instruments in the event of a shortfall
