BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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5%
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7%
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10%
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15%
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Detailed explanation-1: -75 per cent of ANBC as computed in para 6 below or CEOBE whichever is higher; However, lending to Medium Enterprises, Social Infrastructure and Renewable Energy shall be reckoned for priority sector achievement only up to 15 per cent of ANBC.
Detailed explanation-2: -18 per cent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher. Within the 18 per cent target for agriculture, a target of 8 percent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher is prescribed for Small and Marginal Farmers.
Detailed explanation-3: -As per RBI, 75% of the credit given out by small finance banks will need to go to sectors that are considered part of so-called priority sector lending.
Detailed explanation-4: -All loans to units in this sector are eligible for classification under the sub-target of 7.5 per cent prescribed for Micro Enterprises under the priority sector.