What is Net Bank Credit and It's Rules

Hello fiends Today’s we will discuss about Net Bank Credit and it’s features and benefits. The net bank credit (NBC) should tally within the figure reported in the fortnightly return submitted under Section 42 (2) of the RBI Act, 1934 (Reserve Bank of India Act 1934). However, outstanding deposits under the FCNR-(B) and N.R.N.R. schemes are excluded from Net bank credit for computation of priority sector lending target or sub targets. This is the Priority sector lending in banks for customers.