Rules for priority sector lending - General Economics & Indian Economy

Q.  Consider the following statements about priority sector lending

1. All banks have to lend at least 40% of their net credit to the priority sector

2. Foreign banks with less than 20 branches will move to total priority sector target of 40 percent by 2019-20.

Which of the above statements are correct?
- Published on 05 Apr 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Both

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲