BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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40 percent
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32 percent
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45 percent
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35 percent
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Detailed explanation-1: -(ii) Loans up to Rs 50 crore to Start-ups, as per definition of Ministry of Commerce and Industry, Govt. of India that are engaged in agriculture and allied services. (iii) Loans for Food and Agro-processing up to an aggregate sanctioned limit of Rs 100 crore per borrower from the banking system..
Detailed explanation-2: -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-3: -Foreign banks with less than 20 branches: 40 percent of ANBC as computed in para 6 below or CEOBE whichever is higher; out of which up to 32% can be in the form of lending to Exports and not less than 8% can be to any other priority sector.
Detailed explanation-4: -Introduction to Priority Sector Lending (PSL) Priority Sectors Lending is the role exercised by the RBI to banks, imploring them to dedicate funds for specific sectors of the economy like agriculture and allied activities, education and housing and food for the poorer population.