Question
What are the prudential exposure limits for UCBs for a group of connected borrowers/parties?
Direction (18 to 21)- Read the following information to answer the questions below: The role of primary (urban) co-operative banks (UCBs) in providing housing finance has been reviewed from time to time. These banks, with their vast network, occupy a very strategic position in the financial system and have an important role to play in providing credit to the housing sector. Further, housing finance to specified categories up to prescribed limits is treated as priority sector lending, and the need for UCBs providing credit to priority sector has come to be increasingly recognised consistent with the social objectives placed before the banking system. Therefore, with a view to enabling the UCBs to play a more positive role in providing finance for housing schemes, particularly to the weaker sections of the community, these banks are permitted to grant loans for housing schemes up to certain limits from their own resources subject to the guidelines detailed hereunder.
More Banking System in India Questions
- The Reserve Bank of India removed restrictions on individuals from opening interest-earning Foreign Currency Accounts (FCA) in order to make India’s Intern...
- Which among the following is NOT a constituent of Tier-II capital of banks according to BASEL Accord?
- The limit to which a firm or company can withdraw from the sanctioned working capital limit is called:
- Protection of paying banker against forged endorsement in Bearer Cheques is available under which section of NI Act?
- Which of the following ratio is given by the formula EBIT by Sales?
- This process starts with which of the following?
- Central Registry of Securitization Asset Reconstruction and Security Interest(CERSAI) is under which provision?
- What is the maximum period for which the Central Government may supersede the Authority under IFSCA Act?
- Financial statements are part of
- What do niche financial centers focus on?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt