RBI Update: Priority Sector Lending (PSL) targets / sub-targets and contribution against shortfall in achievement of PSL targets – Primary (Urban) Co-operative Banks (UCBs) – Extension of time

Mehta & Mehta > RBI Updates > RBI Update: Priority Sector Lending (PSL) targets / sub-targets and contribution against shortfall in achievement of PSL targets – Primary (Urban) Co-operative Banks (UCBs) – Extension of time

In order to address implementational challenges faced by the UCBs and to make the transition non-disruptive, it has been decided to extend the glide path for these PSL targets by an additional period of two years as under:

Financial Year endedMarch 31, 2024March 31, 2025March 31, 2026
Overall PSL Target@60% of ANBCor
CEOBSE
whichever is higher		65% of ANBC or
CEOBSE,
whichever is higher		75% of ANBC or
CEOBSE,
whichever is higher
Sub-target for advances to weaker sections#,11.50% of ANBC or
CEOBSE,
whichever is higher		11.75% of ANBC or CEOBSE,
whichever is higher		12.00% of ANBC
or CEOBSE,
whichever is higher
@ The targets for March 31, 2023 (at 60 %) shall continue till March 31, 2024.
# The sub-target set for March 31, 2023 (at 11.50%) shall continue till March 31, 2024.

Link: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12515&Mode=0

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