RBI Unleashes Banks from PSL Math with Non-Resident Deposits

So, the RBI just gave banks the ultimate cheat code! Starting Friday, lenders can skip the tedious math on loans backed by fresh non-resident deposits. It’s like they’ve been handed a golden ticket to the PSL amusement park—no more compliance rollercoasters! With those FCNR and NRE deposits, banks can now focus on what they do best: raking in profits and looking fabulous doing it.