The Hindu Business Line : Co-op banks’ limit for housing loans raised

Mumbai: State and central co-operative banks can now provide housing loans up to Rs 20 lakh to their customers. In a notification issued by the Reserve Bank of India on Thursday, the central bank allowed State and central co-operative banks to provide housing loans of up to Rs 20 lakh, up from Rs 5 lakh permitted before.

The RBI has also raised the limit of State and central co-operative bank loans for repairs, alterations, additions from Rs 50,000 to Rs 1 lakh. — Our Bureau

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