Credit facilities come in a variety of forms including BANK LOANS and OVERDRAFTS, INSTALMENT CREDIT, CREDIT CARDS and TRADE CREDIT. and to pay for them over an extended time period. Adjusted Net Bank Credit: Adjusted Net Bank Credit is a term used to target various sectors under Priority Sector Lending. In short, the term counter credit–or counter deposit as it’s often called–refers to a deposit that you made in-person (i.e. A bank’s accounting credit debit seems reversed to most individuals and can be confusing.In an account for an asset held by a bank, a credit lowers the value of the asset and a debit increases the value. Why this occurs is more a question of how banks look at credits and debits. the thing to remember about a bank statement is it is an accounting of your account from the point of view of the BANK. Bank Credit Meaning. Banking and Credit Almost every customer interacts with banks, whether directly or indirectly, on a regular basis. So, what does counter credit mean on your bank statement? An account with a bank or a credit union is necessary to conduct most business, and opening a credit card can help you build credit history. a financial facility which enables a person or business to borrow MONEY to purchase (i.e. over the counter) at your bank or financial institution. Bank credit is usually referred to as a loan given for business requirements or personal needs to its customers, with or without a guarantee or collateral, with an expectation of earning periodic interest on the loan amount. In simpler terms, whenever you make an in-person deposit through a teller at your bank… Domestic commercial banks have to set a target of 40% of the ANBC for the advances to priority sector lending while foreign banks have to set a target of 32% for the same. take immediate possession of) products, raw materials and components, etc. The targets and sub-targets under priority sector lending are linked to Adjusted Net Bank Credit (ANBC). Banks are for-profit, meaning they are either privately owned or publicly traded, while credit unions are nonprofit institutions. credit.