Wednesday, August 29, 2012

Banks may get more time to meet priority sector target


The Reserve Bank of India (RBI) may relax some of the priority sector target for banks on a case-to-case basis but has asked the lenders to ensure the funds are reaching the beneficiaries. In a meeting with RBI Deputy Governor K C Chakrabarty on Tuesday, bankers voiced their concern on the revised priority sector lending norms that had excluded some sectors from the priority list...........

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