The above terms - one of my friends, who is a banker, used to say. But I could not get a clear meaning / explanation for the above terms. Kindly help me by giving meaning / explanation for the above terms viz., Bank Credit, Gross Bank Credit, Net Bank Credit, Food Credit, Non food credit. As I am a commerce student, I wish to know about these. Please help me. Thank you very much.
2007-03-17 06:14:34 · 5 answers · asked by covaiananth 1 in Business & Finance ➔ Credit
Gross Bank Credit (GBC)
- is the total of Loans & Advances portfolio of a Bank less its advances to own group concerns. Ideally, Bank credit and GBC are one and the same.
Net Bank Credit -
is the GBC minus exempted deposits like FCNR, NRNR, deposits.
This is the basis on which achievement of Priority Sector lending tragets is calculated.
Food Credit -
It is the credit or loan given by the nationalised banks to the Food Corp. of India. (FCI)
Non-Food Credit
is the credit or laons & advances given by bank, to all other customers, except the FCI.
2007-03-21 05:56:11 · answer #1 · answered by surez 3 · 0⤊ 0⤋
Bank credit:
When a big group opens a small company, it takes Bank credit of few crores Rs. without depositing any money in the bank. By the bank credit the small company runs smoothly. Bank charges interest.
2007-03-17 06:37:37 · answer #2 · answered by deepak57 7 · 0⤊ 1⤋
I have found a button on the source. It leads to a site that does not turn anyone down for a credit card and no credit checks. The site is great for other resources.
2007-03-17 13:33:11 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Creditnet
2016-12-26 11:46:04 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Bank credit is the loan given by the bank.
Please visit www.rbi.org.in for more information
2007-03-18 15:47:09 · answer #5 · answered by Gopalakrishnan P 3 · 0⤊ 0⤋