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What is the Priority Sector Lending (PSL) target for the agriculture sector for domestic banks as per RBI guidelines?

1. 10% of Adjusted Net Banking Credit (ANBC)
2. 15% of Adjusted Net Banking Credit (ANBC)
3. 18% of Adjusted Net Banking Credit (ANBC)
4. 20% of Adjusted Net Banking Credit (ANBC)

Correct answer: 18% of Adjusted Net Banking Credit (ANBC)

Solution

Under RBI guidelines, domestic banks have a sub-target for agriculture within priority sector lending. The agriculture target is 18% of Adjusted Net Banking Credit (ANBC).

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