CURRENT AFFAIRS

Detailed explanation-1: -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. All efforts should be made by banks to increase the Farm Credit (as per para 8.1) higher than the NCF target.

Detailed explanation-2: -The Kerala State Co-operative Bank Ltd is the first Scheduled Apex Co-operative Bank in the Co-operative Banking Sector in the country. In 1972 it was issued a license to carry on the business of Banking under Section 22 of the Banking Regulation Act, 1966.

Detailed explanation-3: -NABARD has been providing long-term refinance to the approved financial institutions under the provisions of Section 25(i)(a) of NABARD Act, 1981 to supplement their resources for providing adequate credit for taking up investment activities in agriculture and allied activities and rural off-farm sector etc. 1.

Detailed explanation-4: -Detailed Solution. The correct answer is 12. The Indian banking system consists of 12 public sector banks, 22 private sector banks, 44 foreign banks, 56 regional rural banks, 1, 485 urban cooperative banks, and 96, 000 rural cooperative banks in addition to cooperative credit institutions.