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The Reserve Bank of India (RBI) plays a crucial role in regulating the housing finance sector for Urban Co-operative Banks (UCBs). The recent issuance of the Master Circular provides consolidated guidelines and instructions, offering clarity and direction to UCBs engaged in housing finance activities. The updated Master Circular on Housing Finance for UCBs reaffirms the RBI’s commitment to fostering a robust regulatory framework within the housing finance sector. By consolidating and disseminating regulatory instructions, the RBI empowers UCBs to operate with prudence, transparency, and accountability, ultimately contributing to the stability and resilience of the housing finance ecosystem. UCBs should diligently adhere to the guidelines outlined in the Circular to ensure regulatory compliance and uphold the integrity of their housing finance operations.

Reserve Bank of India

Master Circular – Housing Finance for UCBs


April 2, 2024

All Primary (Urban) Co-operative Banks

Madam/Dear Sir,

Master Circular – Housing Finance for UCBs

Please refer to the Master Circular DOR.CRE.REC.No.9/07.10.002/2023-24 dated April 11, 2023 on the captioned subject, consolidating the instructions / guidelines issued to UCBs till April 10, 2023. Attached is the revised Master Circular, updated to reflect all instructions issued upto March 31, 2024 on the above matter, as listed in the Appendix. It may be noted that this Master Circular only consolidates all instructions on the above matter issued up to March 31, 2024 and does not contain any new instructions/guidelines.

Yours faithfully

(Vaibhav Chaturvedi)
Chief General Manager

Encl: as above

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April 2024