:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

PRIORITY LENDING MAY TURN MORE FOCUSSED

As per the report appearing in Economic Times, the Finance Ministry may ask public sector banks to set sub-targets within the overall priority sector lending to ensure a more equitable flow of funds to segments such as agriculture, small industries and the marginalised sections of the society. The proposal by the Finance Ministry seeks to make sure that banks meet specific targets in terms of lending to each of the listed property segments,

The current RBI guidelines require banks to lend 40% of their adjusted net bank credit to priority sectors. Of the 40%, banks are required to lend a minimum of 18% of their net bank credit to agriculture sector and the balance to other specified sectors. Banks are also required to lend 10% of adjusted net bank credit to weaker sections.

Source: http://economictimes.indiatimes.com/news/economy/finance/Priority-lending-may-turn-more-focussed/articleshow/5360069.cms

Posted by C.B.O.A., A.P.

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