Auditaudit Staff asked 2 years ago
2 Answers
RaviRavi Staff answered 2 years ago

ICICI doesn’t have good rural network but they have to give loans to priority sector like agriculture so they give loan to primary agriculture co-operative societies (PACS) and then they give  loans to 1000 of farmers . so ICICI & PACS are involved in on lending, that is giving loan on the basis of loan

RaviRavi Staff answered 2 years ago

if out of 1000 suppose 50 farmers don to pACS, then PACS dont pay on 50 loans to ICICI, now ICICI treats only 50 loans NPA out of 1000 and not all with borrower wise concept hence it is exception to NPA rule

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