Answer-What is the minimum exposure of any foreign bank in India(> 20 branches) for the microenterprises...

Q: Answer-What is the minimum exposure of any foreign bank in India(&gt; 20 branches) for the microenterprises...

Adjusted Net Bank Credit ANBC ndash 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 Agricultureii Micro, Small and Medium Enterprisesiii Export Creditiv Educationv Housingvi Social Infrastructurevii Renewable Energyviii Others

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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 Incorrect

B 20% of ANBC Correct Incorrect

C 18% of ANBC Correct Incorrect

D 7.5% of ANBC Correct Incorrect

E 40% of ANBC Correct Incorrect

Detailed 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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