……..The M V Nair Committee on priority sector lending has recommended “allowing non-tradable Priority Sector Lending Certificates (PSLCs) on pilot basis that can be only transacted between domestic scheduled commercial banks, foreign banks and RRB. ”. Furthermore it says “Based on the experience gained from the above-restricted pilot project, RBI may consider allowing use of the above instrument to all other market participants and putting in place architecture of tradability of these certificates.”…….
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