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Banks were assigned a special role in the economic development of the country. The banking regulator, the Reserve Bank of india, has prescribed that a portion of bank lending should be for developmental activities. Priority sector lending has seen several changes in the scope of priority sector lending and the targets and sub-targets applicable to various bank groups.
Banks were assigned a special role in the economic development of the country. The banking regulator, the Reserve Bank of india, has prescribed that a portion of bank lending should be for d…