BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
For Micro enterprises ____ of ANBC is prescribed under PSL guidelines
A
10
B
8
C
7.5
D
18
Explanation: 

Detailed explanation-1: -In simple terms, ANBC is the net banking credit after taking into account bill discounting, non-SLR securities and other exemption via long-term bonds.

Detailed explanation-2: -PSL targets for UCB: Targets for priority sector lending by Primary (Urban) Co-operative Banks (UCBs) Micro Enterprises – 7.5 per cent of ANBC.

Detailed explanation-3: -Different banks have different targets like: Small finance banks: 75% of net credit. Regional rural banks: 75% of net credit. Commercial banks (both public and private): 40% of net credit.

Detailed explanation-4: -Khadi and Village Industries Sector (KVI)-All loans to units in the KVI sector will be eligible for classification under the sub-target of 7.5 percent prescribed for Micro Enterprises under priority sector.

There is 1 question to complete.