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What relief has HDFC Bank received from the Reserve Bank of India (RBI) regarding priority sector lending norms?
  • a)
    Exemption from complying with priority sector lending norms
  • b)
    A three-year timeline to comply with priority sector lending norms
  • c)
    Relaxation in cash reserve ratio and statutory liquidity ratio rules
  • d)
    None of the above
  • e)
    None of the above
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What relief has HDFC Bank received from the Reserve Bank of India (RBI...
According to the given context, HDFC Bank has been given three years by the RBI to comply with the priority sector lending norms following its merger with HDFC Ltd (HDFC). This means that the bank has been provided with a timeframe to fulfill the requirements of lending to priority sectors as mandated by the RBI.
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What relief has HDFC Bank received from the Reserve Bank of India (RBI) regarding priority sector lending norms?a)Exemption from complying with priority sector lending normsb)A three-year timeline to comply with priority sector lending normsc)Relaxation in cash reserve ratio and statutory liquidity ratio rulesd)None of the abovee)None of the aboveCorrect answer is option 'B'. Can you explain this answer?
Question Description
What relief has HDFC Bank received from the Reserve Bank of India (RBI) regarding priority sector lending norms?a)Exemption from complying with priority sector lending normsb)A three-year timeline to comply with priority sector lending normsc)Relaxation in cash reserve ratio and statutory liquidity ratio rulesd)None of the abovee)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about What relief has HDFC Bank received from the Reserve Bank of India (RBI) regarding priority sector lending norms?a)Exemption from complying with priority sector lending normsb)A three-year timeline to comply with priority sector lending normsc)Relaxation in cash reserve ratio and statutory liquidity ratio rulesd)None of the abovee)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What relief has HDFC Bank received from the Reserve Bank of India (RBI) regarding priority sector lending norms?a)Exemption from complying with priority sector lending normsb)A three-year timeline to comply with priority sector lending normsc)Relaxation in cash reserve ratio and statutory liquidity ratio rulesd)None of the abovee)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
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