Priority Sector Lending — Key Judgments

Key Judgments

Indian Banks Association vs. Reserve Bank of India

2018

This case challenged the RBI's authority to impose PSL targets and penalties on banks. The Supreme Court upheld RBI's regulatory powers under the Banking Regulation Act, affirming…

State Bank of India vs. Santosh Gupta

2017

This judgment clarified the definition of 'agriculture' under PSL guidelines, particularly regarding loans for agricultural purposes versus loans to farmers for non-agricultural…