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TMI BlogFOREIGN BANKS OPERATING IN THE COUNTRYX X X X Extracts X X X X X X X X Extracts X X X X ..... FOREIGN BANKS OPERATING IN THE COUNTRY X X X X Extracts X X X X X X X X Extracts X X X X ..... xpressed 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 Cred ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it (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 s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tipulated 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 pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r 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 weightag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... State for Finance in reply to a question raised by Shri Motilal Vora and Shri Satyavrat Chaturvedi in the Rajya Sabha today. X X X X Extracts X X X X X X X X Extracts X X X X
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