How much time has RBI given to HDFC Bank to comply with priority sector lending norms following its merger with HDFC Ltd?
As per the information given below, the correct answer is option C. The Reserve Bank of India (RBI) has given HDFC Bank three years to comply with the priority sector lending norms (PSL) following its merger with HDFC Ltd (HDFC), though no relaxation is allowed for abiding by the cash reserve ratio and statutory liquidity ratio rules. According to RBI norms, commercial banks need to extend 40 per cent of the adjusted net bank credit (ANBC) of the previous year towards the priority sector. The RBI has allowed HDFC Bank to consider a third of the outstanding HDFC loans in the first year of the merger. The remaining two-thirds of the portfolio of HDFC will be considered over the next two years equally. Effectively, HDFC Bank has to comply with the first year’s target, one year after the effective date of the merger. “The requirement for PSL (complying with priority sector lending norms) kicks in 12 months later,” Srinivasan Vaidyanathan, HDFC Bank’s chief financial officer (CFO), said in a call with analysts.
Consider the following Statements about the Worker-population ratio.
(1) It is an indicator which is used for analysing the employment situation ...
As per the Census 2011, the total number of internal migrants in India is _________.
Which organization manages the 'Prime Minister's Scholarship Scheme (PMSS)'?
Who chairs the Regional Councils formed by NITI Aayog to address specific regional issues?
Ministry of minority affairs was separated from Ministry of social justice and empowerment in which of the following year?
Consider the following Statements about Samagra Shiksha Abhiyan and choose the option with correct Statements.
(1) Samagra Shiksha Abhiyan was...
Technological change is a potent force in the reconfiguring of industrial boundaries and ______________.
Which of the following is not included in the pilot phase implementation of Pradhan Mantri Adarsh Gram Yojana (PMAGY)?
Consider the following statement about Kisan Credit Card (KCC)-:
I. The scheme was introduced in 1998 to provide timely credit support to the far...
Consider the following about Kisan Vikas Patra (KVP).
I. It is a small savings instrument that facilitates people to invest in a long-term saving...