<h1>RBI Revises Priority Sector Lending Guidelines: Foreign Banks with 20+ Branches Must Meet 40% Lending Target.</h1> The Reserve Bank of India (RBI) has revised its guidelines on Priority Sector Lending for foreign banks. From April 1, 2013, foreign banks with 20 or more branches must meet a lending target of 40% of Adjusted Net Bank Credit (ANBC) or Credit Equivalent of Off-balance Sheet Exposure (CEOBE), whichever is higher. Banks with fewer than 20 branches retain the previous target of 32%. Despite concerns from some foreign banks, the RBI emphasized the importance of their participation in India's inclusive growth. The request for reconsideration of these targets was not accepted, as stated by a government official.