The Chairman/ Managing Director
Dear Sir/ Madam,
Priority Sector Lending – Targets and Classification: Lending to non-corporate farmers – System wide average of last three years
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 in due course, and thereafter at the beginning of each year.
2. In this regard, the applicable system wide average figure for computing achievement under priority sector lending for the FY 2017-18 is 11.78 percent.
- Oriental Bank stock drops 6% as asset quality worsens in Q2
- Resolution of large cases will help IDBI Bank come out of red