Priority Sector Lending – Targets and Classification issued by Reserve Bank of India
November 18, 2015
The Chairman/ Managing Director
Chief Executive Officer
[All Scheduled Commercial Banks
(excluding Regional Rural Banks)]
Dear Sir/ Madam,
Priority Sector Lending – Targets and Classification
It was communicated vide our Circular No. FIDD.CO.Plan.BC.08/04.09.01/2015-16 dated July 16, 2015 on the captioned subject, that the system-wide average of the last three years achievement with regard to overall direct lending to non-corporate farmers will be notified shortly, and henceforth at the beginning of each year.
2. It is hereby brought to the notice of all concerned that the applicable system wide average figures for computing achievements under priority sector lending for the FY 2015-16 is 11.57 percent.
3. The foreign banks with more than 20 branches will continue to be guided by their action plans as submitted by them and approved by RBI.
(T V Rao)