Question
What is the minimum exposure of any foreign bank in
India(> 20 branches) for the microenterprises under Priority Sector Lending ?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. 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
The 'CAG' stands for:
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