Question

The target for priority sector loans, as a fraction of total loans, for a commercial bank in india is at least:

Answer 1

Answer:

The target for priority sector loans, as a fraction of total loans, for a commercial bank in india is at least: Fifty per cent of the corpus shall be allocated among the domestic commercial banks having shortfall in lending to priority sector target of 40 per cent of ANBC or credit equivalent amount of Off-Balance Sheet Exposure, whichever is higher, on a pro-rata basis Priority Sector Targets * Total Priority Sector target of 40 percent for foreign banks with less than 20 branches has to be achieved in a phased manner as below: It can be either ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher.

Missing: least: ‎| ‎Must include: ‎least:

Answer 2

10% of the priority sector advances or 10% of the total net bank credit, whichever is higher should go to weaker section. 7.5 percent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher should go to Micro enterprises.

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