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Easy Loan to Poor And Weaker Sections. |
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| 5-9-2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Press Information Bureau 05-September-2012 17:13 IST Easy Loan to Poor And Weaker Sections As per extant guidelines of Reserve Bank of India (RBI) on Priority Sector Lending (PSL), all domestic Scheduled Commercial Banks are required to earmark 10% of Adjusted Net Bank Credit (ANBC) or Credit Equivalent amount of Off-Balance Sheet Exposure, which is higher, for Weaker Sections. Public Sector Banks have been advised by the Government to step up their Minority Community Lending (MCL) to 15% of their PSL. In addition, RBI has advised all SCBs vide Master Circular dated 2nd July, 2012 to specially monitor the credit flow to minorities to ensure that they receive a fair and equitable share of credit within the overall target of priority sector. RBI’s data on achievements of Weaker Sections target by Public Sector Banks as on last reporting Friday of March, 2012 (provisional) is as under: Achievement of Public Sector Banks to Weaker Sections
Source: RBI,* Date are provisional. ANBC= Adjusted Net Bank Credit CEOBE= Credit Equivalent amount of Off-Balance Sheet Exposures This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today. * * * DSM/RS/bs |
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