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In 2001, RBI issued a set of guidelines for private sector. Which of the following is true?a)NBFCs with minimum CAR of 12% and with good track record will be allowed to open private banksb)New banks have to open minimum 25% of branches in rural and semi-urban areasc)They have to provide minimum 40%of loans to priority sectord)All the aboveCorrect answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about In 2001, RBI issued a set of guidelines for private sector. Which of the following is true?a)NBFCs with minimum CAR of 12% and with good track record will be allowed to open private banksb)New banks have to open minimum 25% of branches in rural and semi-urban areasc)They have to provide minimum 40%of loans to priority sectord)All the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In 2001, RBI issued a set of guidelines for private sector. Which of the following is true?a)NBFCs with minimum CAR of 12% and with good track record will be allowed to open private banksb)New banks have to open minimum 25% of branches in rural and semi-urban areasc)They have to provide minimum 40%of loans to priority sectord)All the aboveCorrect answer is option 'D'. Can you explain this answer?.

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