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SBI down: In a shocking development coming from financial market ATMs and internet banking services of State Bank of India were disrupted on Tuesday. As a result of the outage users from across the country have reported massive disruption in fund transfers mobile banking ATM services. “Due to Annual Closing activities our digital Services will be unavailable to our esteemed customers between 01:00- pm to 4:00 pm (IST) on 01.04.2025. We request you to use UPI Lite and ATM for uninterrupted services. We apologise for the inconvenience caused. the bank posted on X. pic.twitter.com/hoCuUxJIdJ — State Bank of India (@TheOfficialSBI) April 1 2025 NPCI shares reaction “Today due to financial year closing some of the banks are facing intermittent transaction declines. UPI system is working fine and we are working with the concerned banks for necessary redressal the National Payment Corporation of India (NPCI) also posted on X. Revised RBI’s priority sector lending norms to further boost economy: SBI report In another significant development the recent amendments in priority sector lending (PSL) guidelines by the Reserve Bank of India (RBI) should further help the economy grow faster and fine tune the building blocks of the factors of productions mainly the MSMEs agri and allied sectors housing and exports etc a report by SBI Research said. The RBI this week issued revised guidelines on PSL to facilitate better targeting of bank credit to the priority sectors of the economy. The new guidelines will come into effect from April 1. According to the report the revised PSL guidelines cater to enhancement of several loan limits including housing loans for enhanced PSL coverage and broadening of the purposes based on which loans may be classified under ‘Renewable Energy’. (With inputs from agencies)