BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Loan to individual up to ____ lakh in metro within the project cost of does not exceed ____ lakh will be classified as priority Sector Advance.
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25 & 45
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25 & 35
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35 & 45
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none of the above
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Explanation:
Detailed explanation-1: -Loans to individuals for educational purposes, including vocational courses, not exceeding Rs 20 lakh will be considered as eligible for priority sector classification. Loans currently classified as priority sector will continue till maturity.
Detailed explanation-2: -12 per cent# of ANBC or credit equivalent amount of Off-Balance Sheet Exposure, whichever is higher. Weaker Sections target for RRBs will continue to be 15% of ANBC or CEOBE, whichever is higher.
Detailed explanation-3: -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.
There is 1 question to complete.