RBI PSL Amendment Directions 2026: Securitised Loan Checks
Why in the news
Finding that directly originated PSL assets perform better than purchased ones, RBI amended its directions in 2026 to protect PSL integrity.
Verification
- Check eligibility of the underlying portfolio via external auditor certificates of the originator, or sample checks.
- Write the norms into internal policy manuals.
Eligibility
- Priority sector categories (not ‘others’) count based on underlying assets.
- Excluded: NBFC gold jewellery loans.
- Credit to NCDC for on-lending to cooperatives is eligible.
Limits
| Item | Rule |
|---|---|
| Charges | None on PSL loans up to ₹50,000 |
| SHGs / JLGs | ₹50,000 cap per member |
| Housing via NHB-approved HFCs | Housing category; ₹20 lakh per borrower; borrower-wise records and auditor certificates |
Exam angle
- Limits: ₹50,000 and ₹20 lakh.
- Terms: securitisation, direct assignment.