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Exposure limits of Urban Cooperative Banks revised
March 18 , 2020
1586 days
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- The Reserve Bank of India revised exposure limits of Urban Cooperative Banks (UCB).
- Earlier the RBI permitted 15% of its capital funds to single borrowers and 40% of its funds to group of borrowers.
- It has now revised the group of borrower fund limit to 25% of its funds.
- The Exposure Limit is the maximum credit a bank avails to its borrower.
- The RBI also revised the priority sector lending (PSL) target for UCBs from 40% to 75%.
- The priority sectors include agriculture, micro and small enterprises, low income groups, poor people for housing, education loans, loans for weaker sections.
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