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Question

What is the minimum exposure of any foreign bank in India(> 20 branches) for the microenterprises under Priority Sector Lending ?

A 10% of ANBC Correct Answer Incorrect Answer
B 20% of ANBC Correct Answer Incorrect Answer
C 18% of ANBC Correct Answer Incorrect Answer
D 7.5% of ANBC Correct Answer Incorrect Answer
E 40% of ANBC Correct Answer Incorrect Answer

Solution

Adjusted Net Bank Credit (ANBC) – It is the net bank credit plus investments made by banks in non-SLR bonds held in the held-to-maturity category or credit equivalent amount of off-balance-sheet exposure, whichever is higher.

The targets and sub-targets for banks under priority sector are as follows: Priority Sector includes the following categories: (i) Agriculture
(ii) Micro, Small and Medium Enterprises
(iii) Export Credit
(iv) Education
(v) Housing
(vi) Social Infrastructure
(vii) Renewable Energy
(viii) Others

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