Multiple choice

What target has been fixed for a foreign bank functioning in India to provide priority sector lending as a percentage of net bank credit?

  1. 25%

  2. 30%

  3. 32%

  4. 35%

  5. 40%

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Foreign banks in India are mandated to meet priority sector lending targets. The specific target for foreign banks is 32% of their net bank credit.