RBI Update – Review of Priority Sector Lending (PSL) Target – Urban Co-operative Banks (UCBs)

Revised PSL Target for Urban Co-operative Banks (UCBs)

The guidelines also revise the overall PSL target for Urban Co-operative Banks (UCBs). The new target mandates that UCBs must ensure that 60 percent of their Adjusted Net Bank Credit (ANBC) or Credit Equivalent of Off-Balance Sheet Exposures (CEOBSE), whichever is higher, is allocated to the priority sector. This revision underscores the importance of ensuring that UCBs play an active role in providing financial services to the priority sectors, which includes small businesses, agriculture, and other underserved areas of the economy.

Link – https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12797&Mode=0#AN1