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Loans not qualifying for priority sector lending have been removed from PSL classification and concentration of top 20 deposits has been cut sharply, the bank said

Ujjivan Small Finance Bank (USFB) on Tuesday clarified that loans which did not qualify for priority sector lending (PSL) have been removed from PSL classification. It has also sharply cut the concentration of top 20 deposits, and put in place quality control processes to prevent any mismatch in the rate of interest mentioned in certain sanction letters and that in loan agreements, among others...BL