Question
Recently RBI doubled the limit on housing loans to
finance residential real estate projects from which organization?Solution
The Reserve Bank of India doubled the limit on housing loans from cooperative banks and also permitted Rural Cooperative Banks (RCB) to finance residential real estate projects to support affordable housing and inclusive growth. The central bank allowed urban cooperative banks (UCBs) to provide doorstep banking services to meet the needs of customers, especially senior citizens and differently abled persons. This would bring UCBs on par with scheduled commercial banks which already provide such services. RBI said it is raising the existing limits on individual housing loans by cooperative banks due to an increase in housing prices since the last revision and after factoring in customer needs. · The limits for tier-I/ tier-II UCBs stand revised from Rs 0.30 crore to Rs 0.60 crore and Rs 0.70 crore to Rs 1.40 crore, respectively. · As regards rural co-operative banks, the limits stand revised from Rs 20 lakh to Rs 50 lakh for RCBs with assessed net worth less than Rs 100 crore and for other RCBs, the limits would increase from Rs 0.30 crore to Rs 0.75 crore.
The latest summit of Sanghai Cooperation Organization (SCO) was held in
When was the Chandigarh union territory established?
The United Cup is associated with which sport?
By how much did India's fiscal deficit widen by the end of August 2024?
Alarippu, Jatiswaram, Shabdam, Varnam -terms associated with which of the following dance forms ?
Which of the following is a tributary of the river Ganga?
Who is the current chairman of LIC (Life Insurance Corporation) of India?
Which of the following is not the basic function of the Computer Operating System?
What is the Rigvedic name of the river Ravi?
_______ is hosting the 57th ASEAN Foreign Ministers’ Meeting.Â