Economics · Economy

The RBI mandates specific targets for Foreign Banks with less than 20 branches regarding their Priority Sector Lending (PSL) requirements. Which of the following statements accurately describe these requirements? 1. The overall domestic PSL target for Foreign Banks with less than 20 branches is 40 percent of ANBC or CEOBE, whichever is higher. 2. These banks have a separate sub-target for Micro Enterprises, set at 7.5 percent of ANBC or CEOBE, similar to domestic SCBs. 3. The specific target for lending to the Agriculture sector for these foreign banks is 18 percent of ANBC or CEOBE, same as domestic SCBs. 4. Foreign Banks with less than 20 branches are exempt from the sub-target for Weaker Sections due to their limited branch presence and focus on metropolitan areas.