BANKING GENERAL KNOWLEDGE
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Question
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Out of 18% of ANBC earmarked for agriculture advance, ____ % is prescribed for small and marginal farmer
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10
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8
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7.5
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12
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Explanation:
Detailed explanation-1: -Target for priority sector lending – UCBs The overall priority sector lending (PSL) target for UCBs stood at 40% of the adjusted net bank credit (ANBC) or credit equivalent amount of off-balance sheet exposure (CEOBSE), whichever is higher.
Detailed explanation-2: -40 per cent of Adjusted Net Bank Credit or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher. 75 per cent of ANBC. 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.
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