Dealing in Priority Sector Lending Certificates (PSLCs)

[This post answers on many questions like ‘What is a PSL certificate?’, ‘Who needs PSLCs?’, ‘How the limit for issuance of each category of PSLC is decided?’ ‘How the PSLC transactions are computed for determination of PSL target/sub-targets?’, ‘Is there any expiry date to PSLCs?’, ‘Whether the loan assets or risks of loan defaults are…

How to identify a wilful defaulter?

[The identification of a ‘wilful defaulter’ is done on the basis of eventual conclusion that the default is intentional, deliberate and calculated. The process of categorizations of  the ‘wilful defaulter’ is required to be done thoughtfully on the basis of track record of the borrower/guarantor and not on the basis of an isolated transaction or incident.…