A K Das, MD and CEO of Bank of India, said the incentive scheme of PSL shall work favourably towards stability of the financial sector to support growth and recovery in the economy.
Another senior public sector banker pointed out that credit extended to start-ups
would get the PSL tag. This seems to be a step to make more funds available to new-edge firms started by young entrepreneurs in upcoming areas of the digital ecosystem.
This would need a change in approach of bankers, to assess risks and do some degree of handholding.
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