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    Question

    PSL norms are NOT applicable to which of the following

    banks?
    A Public Sector Banks Correct Answer Incorrect Answer
    B Private Sector Banks Correct Answer Incorrect Answer
    C Foreign Banks with less than 20 branches Correct Answer Incorrect Answer
    D Regional Rural Banks Correct Answer Incorrect Answer
    E Small Finance Banks Correct Answer Incorrect Answer

    Solution

    As per RBI guidelines, foreign banks with less than 20 branches are exempt from PSL norms, but they must contribute to priority sector funds.

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