BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For foreign Bank, priority sector lending targets is ____ % of net banking credit
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32
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36
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40
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44
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Explanation:
Detailed explanation-1: -The foreign banks with less than 2020 branches have no sub-targets within the overall priority sector lending target of 3232 per cent.
Detailed explanation-2: -The applicable target for lending to the non-corporate farmers for FY 2022-23 will be 13.78% of ANBC or CEOBE whichever is higher.
Detailed explanation-3: -Priority Sector refers to those sectors which the Government of India and Reserve Bank of India consider as important for the development of the basic needs of the country. They are assigned priority over other sectors.
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