REVIEW OF PRIORITY SECTOR LENDING (PSL) TARGET - URBAN CO-OPERATIVE BANKS (UCBS)SR. NO.CIRCULARDATE OF ISSUESUBJECT1.JUNE 8, 20232.MARCH 13, 2020

MUMBAI, India, March 24 -- Reserve Bank of India issued the following notification:

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 decid...