Economics · Priority Sector Lending
Consider the following statements regarding Priority Sector Lending (PSL) guidelines in India: I. All domestic commercial banks (excluding regional rural banks and small finance banks) are required to lend at least 40 percent of their Adjusted Net Bank Credit (ANBC) to the priority sector. II. Foreign banks with less than 20 branches have a different total priority sector target of 32 percent which was completely phased out by 2019-20. Which of the following is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statements I and II are incorrect
- 2Statements I and II are correct
- 3Statement I is incorrect and II is correct
- 4Statement I is correct and II is incorrect✓
Correct answer
Statement I is correct and II is incorrect
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