BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Out of total priority sector advances of RRBs, atleast____should be advanced to weaker sections.
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25%
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50%
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60%
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0.75
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Explanation:
Detailed explanation-1: -Targets for priority sector lending by Primary (Urban) Co-operative Banks (UCBs) Advances to Weaker Sections-12 per cent# of ANBC or credit equivalent amount of Off-Balance Sheet Exposure, whichever is higher.
Detailed explanation-2: -Small Finance Banks 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. 75 per cent of ANBC. 18 per cent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher.
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