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Priority Sector are those sectors that the Government of India and Reserve Bank of India consider as important for the development of the basic needs of the country and are to be given priority over other sectors. So, under priority sector lending, the banks are mandated to encourage the growth of such sectors with adequate and timely credit. The RBI mandates banks to lend a certain portion of their funds to specified sectors, like agriculture, Micro, Small and Medium Enterprises (MSMEs), export credit, education, housing, social infrastructure, renewable energy among others. All scheduled commercial banks and foreign banks (with a sizable presence in India) are mandated to set aside 40% of their Adjusted Net Bank Credit (ANBC) for lending to these sectors.
What is the revised additional capital buffer requirement for SBI starting April 1, 2025, as per the RBI’s D-SIB framework?
Rapido has recently joined the unicorn club as the ______ Indian startup this year after securing $120 million in its latest funding round.
When was the 60th Raising Day of the Border Security Force (BSF) celebrated?
Which of the following statements is/are correct?
1.Photochemical smog is formed by the reaction of nitrogen oxides (NOx) and volatile organic co...
Who is the writer of the Sanskrit play "Vikramorvasiyam," which is based on the love story involving mortal men and the heavenly Urvashi?
Who was recently appointed as the Chairperson of the National Medical Commission?
Who is the first-ever female President in the history of Switzerland as of 2024?
Under PM Shram Yogi Maandhan Yojana, a worker in the unorganized sector whose monthly salary is less than Rs ________________ can register in the scheme.
‘EURONAVAL’ 2024 is the World’s largest naval defence exhibition which will be hosted by which of the following countries?
Which country Launched its Operational Earth Observation Satellite “Taifa-1”