Bank of India unlikely to meet its priority sector lending targets

Bank Of India | Bank - Public | BFSI | BSE: 532149 | NSE: BANKINDIA

31 Jan 2012 Evaluate

Bank of India is unlikely to meet its priority sector lending targets, as result of the declassification of farm credit by the Reserve Bank of India back in July 2011. The bank's credit exposure to agriculture grew only by about 1.17% on a year on year basis. The bank had given loans to sugar cooperatives, which will not be a part of priority sector lending now. Going by the earlier norms, the bank’s exposure to agriculture is about 18-20%. Banks are mandated to lend about 20% of the total credit to the priority sectors like agriculture and small and medium enterprises

Peers

Company Name	CMP
State Bank Of India	993.50
PNB	118.25
Bank Of Baroda	237.00
Canara Bank	125.80
Union Bank Of India	179.60
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.