📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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

    Practice Next
    More Agri economics Questions

    Relevant for Exams:

    ask-question