New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What percentage of their total outstanding advances, are

    RRBs to lend to the sectors eligible for classification as priority sector lending and sub sector targets?
    A 40% Correct Answer Incorrect Answer
    B 25% Correct Answer Incorrect Answer
    C 75% Correct Answer Incorrect Answer
    D 50% Correct Answer Incorrect Answer
    E 20% Correct Answer Incorrect Answer

    Solution

    RRB’s Priority Sector Lending Targets as per RBI Ø  As directed by RBI all RRB’s has to lend 75 % of total outstanding advances to the sectors eligible for classification as priority sector lending and sub sector targets. Ø  The categories under priority sector are as follows:                                                    I.            Agriculture                                                  II.            Micro, Small and Medium Enterprises                                                III.            Export Credit                                               IV.            Education                                                 V.            Housing                                               VI.            Social Infrastructure                                              VII.            Renewable Energy                                            VIII.            Others Domestic scheduled commercial banks ( excluding Regional Rural Banks and Small Finance Banks ) and foreign banks with 20 branches and above has to lend 40% of Adjusted Net Bank Credit [ANBC] towards PSLs.

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