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Foreign banks seek more time to adhere to norms
April 12, 2013April 12, 2013by In Infrastructure Finance

Foreign banks seek more time to adhere to norms

Reserve Bank of India (RBI) received a request from large foreign banks operating in the country to to extend the timeline for adhering to the new priority sector norms. It may be recalled that the new priority sector norms makes it mandatory for foreign banks with over 20 branches to allocate at least 40 percent of its credit to priori