Taking into account the increase in housing prices and considering the customer needs, the RBI has hiked the existing limits on individual housing loans by cooperative banks. Accordingly, the limits for Tier I /Tier II Primary (Urban) Co-operative Banks (UCBs) have been hiked to Rs. 60 lakh/ Rs. 140 lakh, respectively. For Rural Cooperative Banks (RCBs), the limits have been increased to Rs. 50 lakh for RCBs with an assessed net worth less than Rs. 100 crore; and Rs. 75 lakh for other RCBs.Taking into account the increase in housing prices and considering the customer needs, the RBI has hiked the existing limits on individual housing loans by cooperative banks. Accordingly, the limits for Tier I /Tier II Primary (Urban) Co-operative Banks (UCBs) have been hiked to Rs. 60 lakh/ Rs. 140 lakh, respectively. For Rural Cooperative Banks (RCBs), the limits have been increased to Rs. 50 lakh for RCBs with an assessed net worth less than Rs. 100 crore; and Rs. 75 lakh for other RCBs.taxmann.com Latest Statutory HappeningsRead More
