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Gold Loan-Backed PSLC Sales Boost PSBs' Non-Interest Income in Q1FY27
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Gold loan-backed Priority Sector Lending Certificates (PSLC) sales boosted public sector banks' non-interest income in Q1FY27, offsetting declining interest income, per Business Standard.
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Gold Loan-Backed PSLC Sales Boost PSBs' Non-Interest Income in Q1FY27
Gold loan-backed PSLC sales have boosted public sector banks' non-interest income in the first quarter of FY27, according to a report by Business Standard. The report states that the sales have contributed significantly to the banks' non-interest income, helping to offset declining interest income. The exact figures are not specified in the report.
Gold loan-backed PSLC sales boost PSBs' non-interest income in Q1FY27
Strong growth in gold loan portfolios enabled public sector banks to exceed priority sector targets and earn higher fee income by selling surplus PSLCs in the June quarter.
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