The Reserve Bank of India (RBI) has released five separate draft directions to consolidate instructions on Priority Sector Lending (PSL) for different types of regulated entities. The proposed framework aims to streamline targets and classification rules across the banking sector.
The draft directions cover commercial banks, small finance banks, local area banks, regional rural banks, and urban co-operative banks. The central bank stated that existing instructions not incorporated into these consolidated draft directions will be repealed once the finalized directions are issued, which will be notified separately.
Members of the public and stakeholders can submit their comments and feedback on the proposed draft directions on or before November 26, 2026. Submissions can be sent through the Connect 2 Regulate section on the RBI website or by email.
What it means
- Stakeholders and the public can submit comments on the draft guidelines on or before November 26, 2026, via the RBI website or email.
- Existing instructions that are not included in these consolidated draft directions will be repealed once the finalized directions take effect.
Source
Reserve Bank of India, “Consolidation of Instructions Related to Priority Sector Lending – Drafts for Comments” dated 5 November 2026. Read the original release.
Summary of an official release for general information only. Not investment advice. Read the original source before acting on any information.
Official RBI, SEBI, Government and Defence updates as they happen.
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