RBI/2024-25/130
DOR.CRE.REC. 69/07.10.002/2024-25

March 24, 2025

Primary (Urban) Co-operative Banks other than Salary Earners’ Banks
Madam / Dear Sir,

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

In terms of paragraph 3 of the circular DOR (PCB).BPD.Cir No.10/13.05.000/2019-20 dated March 13, 2020, read with paragraph 2 of the circular DOR.CRE.REC.18/07.10.002/2023-24 dated June 8, 2023 , UCBs are required to achieve an overall PSL target of 75 per cent of ANBC¹ or CEOBSE², whichever is higher, by FY2025-26, with interim targets of 60 per cent (FY2023-24) and 65 per cent (FY2024-25).

2. On a review, it has been decided that the overall PSL target for UCBs shall stand revised, FY2024-25 onwards, to 60 per cent of ANBC or CEOBSE, whichever is higher. The other provisions contained in the circular DOR.CRE.REC.18/07.10.002/2023-24 dated June 8, 2023, shall remain unchanged.

3.Instructions contained in this circular supersede the extant relevant instructions as given in Annex to this circular.

Yours faithfully,

(Vaibhav Chaturvedi)
Chief General Manager

Annex – Specific paragraphs of certain circulars that stand superseded

¹ Adjusted Net Bank Credit.

²Credit Equivalent Amount of Off-balance Sheet Exposure.