TaxTMI 
TaxTMI 
TaxTMI 
FOREIGN BANKS OPERATING IN THE COUNTRY
X X X X Extracts X X X X
X X X X Extracts X X X X
....OREIGN BANKS OPERATING IN THE COUNTRY <br>News and Press Release<br>Dated:- 4-12-2007<br><BR>Rajya Sabha At present, 29 foreign banks have their branch operations in India. Five foreign banks have ex....
X X X X Extracts X X X X
X X X X Extracts X X X X
....pressed their desire to open their maiden branch presence in India. Foreign banks operating in India are required to lend to the priority sector to the extent of 32% of their Adjusted Net Bank Credi....
X X X X Extracts X X X X
X X X X Extracts X X X X
....t (ANBC) or credit equivalent amount of Off-Balance Sheet Exposure, whichever is higher, which also includes 10% lending for small enterprises and 12% for export credit. However, no target has been st....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ipulated for foreign banks for providing loans to farmers and scheduled-castes and scheduled-tribes. Though no stipulation has been made for foreign banks to open their branches in rural areas, as per....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... the Branch Authorisation Policy issued by RBI, banks are encouraged to open branches in rural and under-banked areas. Further, while considering applications for opening branches, RBI gives weightage....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... to the nature and scope of banking facilities provided by banks to common persons, particularly in rural and under-banked areas. This information was given by Shri Pawan Kumar Bansal, Minister of S....
X X X X Extracts X X X X
X X X X Extracts X X X X
....tate for Finance in reply to a question raised by Shri Motilal Vora and Shri Satyavrat Chaturvedi in the Rajya Sabha today.<BR> News - Press release - PIB....