RBI Issues Revised Guidelines on ‘Priority Sector Lending’ for Urban Cooperative Banks to Boost Credit Access
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- Last Updated on 26 March, 2025
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Circular no. RBI/2024-25/130 DOR.CRE.REC. 69/07.10.002/2024-25; Dated: 24.03.2025
RBI has issued revised guidelines on Priority Sector Lending (PSL) for urban cooperative banks (UCBs) to boost credit access. As per the revised guidelines, the PSL target for UCBs has been revised to 60% of Adjusted Net Bank Credit (ANBC) or the credit equivalent of Off-Balance Sheet Exposures (CEOBSE), whichever is higher. Further, the revised norms expand the list of eligible borrowers under the ‘Weaker Sections’ category. The revised guidelines take effect on April 1, 2025.
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