RBI Gives Banks a Break: Non-Resident Loans Out of PSL

Listen up, banks! The RBI just threw you a lifeline. Starting now, those loans backed by fresh non-resident deposits? Toss them out of your PSL calculations! This is your chance to breathe easy and focus on those non-resident funds without the usual nonsense. Don’t screw it up, or you’ll be in the weeds faster than a burnt soufflé!