BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Reserve Bank of India (RBI)
|
|
|
Small Industries Development Bank of India (SIDBI)
|
|
|
National Bank for Agriculture and Rural Development (NABARD)
|
|
|
Government of India (GOI)
|
Detailed explanation-1: -1.1 These Directions shall be called the Reserve Bank of India (Priority Sector Lending – Targets and Classification) Directions, 2020.
Detailed explanation-2: -RBI decides on the specific interest rate for various PSL targets from time to time, and this rate is linked to the base rate of banks. 17 The priority sectors as currently defined by the RBI are agriculture, micro and small enterprises, micro credit, education, housing, export credit, and weaker sections.
Detailed explanation-3: -Master Directions – Priority Sector Lending (PSL) – Targets and Classification. The Priority Sector Lending (PSL) guidelines issued by Reserve Bank of India were last reviewed for Commercial Banks in April 2015 and for UCBs in May 2018 respectively.
Detailed explanation-4: -Priority sector lending (PSL) is mandated by the Reserve Bank of India (RBI), which is the equivalent of the Federal Reserve in the United States.