Page 54 - Banking Finance November 2019

RBI CIRCULAR

reporting both central and State government Priority Sector Lending (PSL) – Classifi-
transactions to Reserve Bank, it was advised that the
petty claims of delayed period of penal interest cation of Exports under priority Sector
involving amount of ` 500/- or below will be ignored RBI/2019-20/66
and excluded from the purview of penal interest. September 20, 2019
2. With a view to bring further uniformity in the procedure 1. In order to boost credit to export sector, it has been
for reporting both central and state government decided to effect following changes in para 8 of the
transactions to Reserve Bank, it has been decided with “Master Direction on Priority Sector Lending-targets
the approval of Comptroller and Auditor General of India and Classification” dated July 7, 2016 (updated as on
that instructions given in para 7.4 of CGA’s OM S-11012/ December 4, 2018) pertaining to export credit.
1(31)/AC(22)/2015/RBD/332-424 dated March 9, 2016, will i. Enhance the sanctioned limit, for classification of
be made applicable to State government transactions also export credit under PSL, from ` 250 million per
i.e ignoring petty claims of penal interest involving an borrower to ` 400 million per borrower.
amount of ` 500/- or below and excluding them from the
purview of penal interest, and applying the limit of penal ii. Remove the existing criteria of ‘units having
interest of ` 500/- on per transaction basis. turnover of up to ` 1 billion’

3. You may bring this instruction immediately to the 2. The existing guidelines for domestic scheduled
notice of your branches accredited to conduct state commercial banks to classify ‘Incremental export credit
government transactions as the related instructions are over corresponding date of the preceding year, upto 2
already in place. per cent of ANBC or Credit Equivalent Amount of Off-
Balance Sheet Exposure, whichever is higher’ under PSL
4. The state governments are also being advised about will continue to be applicable subject to the criteria
the issuance of this instruction.
mentioned at (i) above.
(Charulatha S Kar) 3. There is no change in the present instructions in respect
Chief General Manger of foreign banks.

Agency Commission- Furnishing reconcili- (Gautam Prasad Borah)
ation certificate Chief General Manager-in-Charge

RBI/2019-20/69
Banking Promotional Exam sample questions - Series 16
September 25, 2019
1. C. Complimentary 13. A. Tennis
1. Please refer to our Circular No RBI/2019-20/21 Feeding
DGBA.GBD.No.5/31.02.007/2019-20 dated July 31, 2019 14. B. Shot put throw
related to claiming of agency commission based on 2. C. Andhra Pradesh 15. B. Goa
which agency banks are submitting two certificates to 3. D. IIT Kharagpur 16. A. Valerie Harper
RBI along with the agency commission claims. 4. D. Google 17. C. Car Racer
2. It is now been decided that agency banks while 5. A. Nagpur 18. A. “Coconut for
claiming agency commission may submit the certificate 6. D. Meghalaya Family Wellness”
(given in Annex B of the above mentioned Circular) duly 7. A. Bhagat Singh 19. D. Electors
certified by Chartered Accountants or by Cost Koshyari Verification
Accountants. Revised Annex B is enclosed. There is no 8. C. Vivek Kumar Programme
change in Annex A and other usual Certificate from ED Johri 20. C. Varanasi
/ CGM (in charge of government business) to the effect 9. D. Lt Gen MM 21. D. Rohit Devgan
that there are no pension arrears to be credited / delays Naravane 22. D. ‘Namaste Pacific’
in crediting regular pension / arrears thereof.
10. A. Anil Chauhant 23. C. 72nd
(Partha Choudhuri) 11. B. Bangalore 24. C. Haryana
General Manager 12. A. Charles Leclerc 25. E. USD 57 million

54 | 2019 | NOVEMBER | BANKING FINANCE