BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is not applicable on foreign banks
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It is applicable on foreign banks having 50 or more branches
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It is applicable on foreign banks having 20 or more branches
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It is applicable on all foreign banks
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Detailed explanation-1: -All scheduled commercial banks and foreign banks (with a sizable presence in India) are mandated to set aside 40% of their Adjusted Net Bank Credit (ANDC) for lending to these sectors. Regional rural banks, co-operative banks and small finance banks have to allocate 75% of ANDC to PSL.
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. Advances to Weaker Sections-12 per cent of ANBC.
Detailed explanation-3: -(ii) Loans up to Rs 50 crore to Start-ups, as per definition of Ministry of Commerce and Industry, Govt. of India that are engaged in agriculture and allied services. (iii) Loans for Food and Agro-processing up to an aggregate sanctioned limit of Rs 100 crore per borrower from the banking system..