PENALTIES FOR NON-ACHIEVEMENT OF PRIORITY SECTOR LENDING TARGET

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PENALTIES FOR NON-ACHIEVEMENT OF PRIORITY SECTOR LENDING TARGET / SUB-TARGETS :

PENALTIES FOR NON-ACHIEVEMENT OF PRIORITY SECTOR LENDING TARGET / SUB-TARGETS Domestic Scheduled Commercial bank Foreign Banks

Domestic Scheduled Commercial Bank:

Domestic Scheduled Commercial Bank Allocation of amounts for contribution to RIDF decided by RBI A particular amount of RIDF decided by GOI Interest rates, periods of deposits etc fixed by RBI

Foreign Banks:

Foreign Banks Contribution of funds to be set up with SIDBI Achievement level-( last reporting Friday of March of the immediately preceding financial year) Fund decided by GOI/RBI Interest rates, periods of deposits etc fixed by RBI

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