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Press Information Bureau
Government of India
Ministry of Finance
05-September-2012 17:13 IST
Easy Loan to Poor And Weaker Sections
As per extant guidelines of Reserve Bank of India (RBI) on Priority Sector Lending (PSL), all domestic Scheduled Commercial Banks are required to earmark 10% of Adjusted Net Bank Credit (ANBC) or Credit Equivalent amount of Off-Balance Sheet Exposure, which is higher, for Weaker Sections.
Public Sector Banks have been advised by the Government to step up their Minority Community Lending (MCL) to 15% of their PSL.
In addition, RBI has advised all SCBs vide Master Circular dated 2nd July, 2012 to specially monitor the credit flow to minorities to ensure that they receive a fair and equitable share of credit within the overall target of priority sector.
RBI’s data on achievements of Weaker Sections target by Public Sector Banks as on last reporting Friday of March, 2012 (provisional) is as under:
Achievement of Public Sector Banks to Weaker Sections
S.N. | Name of the Public Sector Bank | Per cent to ANBC/CEOBE, whichever is higher as on last reporting Friday to March, 2012* |
1. | Allahabad Bank | 10.30 |
2. | Andhra Bank | 10.77 |
3. | Bank of Baroda | 10.04 |
4. | Bank of India | 9.83 |
5. | Bank of Maharashtra | 5.96 |
6. | Canara Bank | 11.09 |
7. | Central Bank of India | 10.07 |
8. | Corporation Bank | 5.70 |
9. | Dena Bank | 8.13 |
10. | IDBI Bank Ltd. | 3.17 |
11. | Indian Bank | 10.26 |
12. | Indian Overseas Bank | 9.92 |
13. | Oriental Bank of Commerce | 9.01 |
14. | Punjab & Sind Bank | 10.00 |
15. | Punjab National Bank | 10.43 |
16. | Syndicate Bank | 12.05 |
17. | UCO Bank | 7.74 |
18. | Union Bank of India | 6.31 |
19. | United Bank of India | 13.13 |
20. | Vijaya Bank | 8.62 |
21. | State Bank of India | 10.49 |
22. | State Bank of Bikaner & Jaipur | 16.53 |
23. | State Bank of Hyderabad | 10.92 |
24. | State Bank of Mysore | 13.97 |
25. | State Bank of Patiala | 10.01 |
26. | State Bank of Travancore | 15.32 |
Source: RBI,* Date are provisional.
ANBC= Adjusted Net Bank Credit
CEOBE= Credit Equivalent amount of Off-Balance Sheet Exposures
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today.
* * *
DSM/RS/bs
Priority sector lending requirement: banks must earmark a mandated share of credit for weaker sections and increase minority lending. Priority Sector Lending rules require scheduled commercial banks to allocate a prescribed portion of Adjusted Net Bank Credit or credit equivalents of off balance sheet exposures to weaker sections; public sector banks have been advised to step up Minority Community Lending and RBI's Master Circular directs special monitoring of credit flow to minorities. RBI's provisional data as of the last reporting Friday of March 2012 tabulates each public sector bank's percentage of ANBC/CEOBE achieved for weaker sections, provided in a Lok Sabha written reply. of Press 'Enter' after typing page number.
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