Who among the following headed the RBI’s internal working group on Priority Sector Lending (PSL)?

Who among the following headed the RBI’s internal working group on Priority Sector Lending (PSL)?
[A]Lily Vadera
[B]Avinash Kumar
[C]Deepak Parekh
[D]Urjit Patel

Lily Vadera
Lily Vadera one of the chief general managers of RBI is the head of the committee constituted by RBI to review on Priority Sector Lending (PSL). The committee has suggested that the target for lending to the redefined priority sector be retained uniformly at 40 per cent and sought introduction of PSL certificates which can be traded. Other key recommendations of the panel include retaining the present 18 per cent target of Adjusted Net Bank Credit (ANBC) for agriculture, including medium enterprises within the ambit of priority sector lending as also bringing loans to sanitation, health care and drinking water facilities and renewable energy, among others, under the segment.


Leave a Reply