............In its guidelines on wholly-owned subsidiary for foreign banks released November last year, RBI said the priority sector lending requirement for foreign banks will be 40%, like their Indian rivals. Out of this, 18% of loans have to be offered to the farm sector. The current cut off for foreign lenders in the PSL segment is 32% (foreign banks with more than 20 branches, it is 40%) but once they take up the WOS route, banks will have to move to achieving.................
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