Which of the following is an innovative mechanism adopted by banks to meet the targets fixed for lending to priority sector by the Banks?

Buying and Selling of Priority Sector Lending Certification

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Sale of Kisan Vikas patra

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Inter Bank Participation Certificates

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Adoption of Core Banking Solution

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Solution

The correct option is B Adoption of Core Banking Solution
Adopting of Core Banking Solution is an innovative mechanism adopted by banks to meet the targets fixed for lending to priority sector by the Banks. Core banking solution is adopted to provide services to customers so that customer can avail bank services from any of the branches of the banking company.

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Similar questions

94. Priority Sector Lending by banks in India constitutes the lending to [2013 - I]

Q34) Priority sector lending by banks in India constitutes the lending to which of the following sectors?

i) Medium Enterprises

ii) Social Infrastructure

iii) Renewable Energy

iv) Import credit

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