What is shortfall in agriculture sector in banking?
Answers
Answered by
1
The Reserve Bank of India (RBI) has put the biggest four foreign banks on a sticky wicket with a new policy— foreign banks with 20 branches or more face the same priority sector lending (PSL) requirements as domestic banks. Citibank, Standard Chartered, HSBC and RBS must soon direct 18% of their loans to agriculture, from zero today. That will be a steep challenge, but they will not be alone. Agriculture PSL has been a problem for the entire banking sector that is only getting worse.
Similar questions