Easy Loan to Poor And Weaker Sections.

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..... Easy Loan to Poor And Weaker Sections.
News and Press Release
Dated:- 5-9-2012

Press Information Bureau Government of India Ministry of Finance 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 Adjust .....

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..... ed 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 .....

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..... 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 S.N. Name of the Public Sector Bank Per cent to ANBC/CEOBE, whichever is higher as on last reporti .....

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..... ng Friday to March, 2012* 1. Allahabad Bank 10.30 2. Andhra Bank 10.77 3. Bank of Baroda 10.04 4. Bank of India 9.83 5. Bank of Maharashtra 5.96 6. Canara Bank 11.09 7. Central Bank of India 10.07 8. Corporation Bank 5.70 9. Dena Bank 8.13 10. IDBI Bank Ltd. 3.17 11. Indian Bank 10.26 12. Indian Overseas Bank 9.92 13. Oriental Bank of Commerce 9. .....

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..... 01 14. Punjab & Sind Bank 10.00 15. Punjab National Bank 10.43 16. Syndicate Bank 12.05 17. UCO Bank 7.74 18. Union Bank of India 6.31 19. United Bank of India 13.13 20. Vijaya Bank 8.62 21. State Bank of India 10.49 22. State Bank of Bikaner & Jaipur 16.53 23. State Bank of Hyderabad 10.92 24. State Bank of Mysore 13.97 25. State Bank of Patiala 10. .....

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..... 01 26. State Bank of Travancore 15.32 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
News - Press release - PIB .....

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