Sixteen Public Banking Sector Bankers Fails To Reach Target In Priority Lending
By Neelima Shankar
Sep 3, 2013
Print    Email    RSS   

The Reserve Bank of India said that sixteen domestic banks have not reached the target in priority lending. This includes public sector and private sector banks and the foreign banks. The national banks have to lend 40% of their advances and the foreign banks have to lend 32% for the priority money lending. Agriculture, education, Micro and small business enterprises and the housing come under the priority lending. The RBI did not mention the names of the banks that have failed to achieve the target. During the financial year 2012-13, the banks have sanctioned loans at 6.07 lakh crore Rupees, which is higher than the target of 5.75 lakh crore Rupees.

The banks have registered the growth of 29.8% in the SME credit sector. Sixteen banks of 26 public sector banks, ten of the twenty private sector banks and two of the forty one foreign banks have fallen short of the fixed target, according to the Reserve Bank of India’s report.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Education loans seeing a facelift in India
Claim tax deduction on education loan
Model Educational Loan Scheme: the new...
The best education loan from banks in...
Credit profile and its effect on loan...

ROPAR: CaℒL Giℛℒ In Kurali 09855660911...
Why Pitampura Tutors (Ph:- 9911742311) & Private...
kala jadu in hindi 9636854282

Banks to look forward to hire students from IIT/IIM Feb 18, 2015
Union Bank of India hiring for the post of specialist officers Feb 16, 2015
Canara bank launched scholarship Scheme Feb 13, 2015
AXIS bank started ‘My idea of progress’ Campaign Feb 12, 2015
RBI inviting applications for the guard post Feb 11, 2015
News Archive