I. All banks have to lend at least 40 percent of their net credit to the priority sector.
II. Foreign banks with less than 20 branches will move to total priority sector target of 40 percent by 2019-20.
What do you have to say about the above statement ?
1
Statement I is correct and II is incorrect
2
Statement I is incorrect and II is correct
3
Statements I and II are correct
4
Statements I and II are incorrect