Reserve Bank of India (Priority Sector Lending – Targets and Classification) Second Amendment Directions, 2026

Source: Reserve Bank of India

Category: Digital Lending

Published: Fri, 07 Aug 2026 17:35:00

RBI/2026-27/232 FIDD.CO.PSD.BC.No.08/04.09.001/2026-27 August 07, 2026 Reserve Bank of India (Priority Sector Lending – Targets and Classification) Second Amendment Directions, 2026 Please refer to the Governor’s Statement dated June 5, 2026 , and RBI circular FMOD.MAOG.No.S-56/01.06.016/2026-27 dated June 08, 2026 on ‘Swap Facility for FCNR (B) Deposits’ , wherein it has been decided to introduce a US Dollar-Rupee swap facility for fresh Foreign Currency Non-Resident (Bank) [FCNR (B)] dollar funds, mobilised for a minimum tenor of three years and maximum tenor of five years. 2. Further, reference is also invited to the Reserve Bank of India (Cash Reserve Ratio and Statutory Liquidity Ratio) Second and Third Amendment Directions dated June 08, 2026 and June 19, 2026, as applicable to various banks, wherein exemption has been provided from maintenance of Cash Reserve Ratio and Statutory Liquidity Ratio on fresh FCNR (B) deposits of minimum tenor of three years and maximum tenor of five years mobilised (including deposits that are renewed upon maturity) between June 08, 2026 and September 30, 2026, and on fresh Non-Resident (External) Rupee (NRE) term deposits