General Studies · Banking and Finance
Consider the following statements regarding Priority Sector Lending (PSL) norms in India: 1) Priority Sector Lending targets for banks are prescribed as a specified percentage of Adjusted Net Bank Credit (ANBC) or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher. 2) Micro, Small and Medium Enterprises (MSMEs) form a component under the eligible priority sector categories. 3) Foreign banks with less than 20 branches have the exact same overall PSL target (40%) and sub-targets as domestic scheduled commercial banks, to be achieved within the same timeline. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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1 and 2 only
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