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ROLE OF BANKING
What is the primary role of banks in rural development as per RBI guidelines?
Banks act as financial intermediaries channelling credit to agriculture, allied activities, and rural non-farm enterprises, thereby promoting inclusive economic growth and poverty alleviation in rural areas.
What is the full form of ANBC in the context of PSL norms?
Adjusted Net Bank Credit
Which committee recommended the integration of rural credit with overall banking policy in India?
The All India Rural Credit Survey Committee (1954) recommended the integration of rural credit with commercial banking, leading to the formation of State Bank of India as the principal instrument of rural credit expansion.
What is the PSL target prescribed for foreign banks with fewer than 20 branches in India?
40% of ANBC
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