Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.60)

60. 

What is the increased loan limit for small exporters sanctioned by Reserve Bank of India(RBI) in order to boost credit to the export sector?

[A]. Rs 30 crore
[B]. Rs 40 crore
[C]. Rs 15 crore
[D]. Rs 10 crore

Answer: Option B

Explanation:

The Reserve Bank of India (RBI) increased the loan sanction limit for small exporters as priority sector lending (PSL) by banks to Rs 40 crore per borrower from Rs 25 crore in order to boost credit to the export sector.

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