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RBI ups limits on housing loans from co-op banks, backs affordable housing

The RBI monetary policy committee, in its policy review, decided to permit the rural cooperative banks (RCBs) to finance residential real estate projects

Topics
RBI monetary policy | Regional Rural Banks | monetary policy committee

Abhijit Lele  |  Mumbai 



Reserve Bank of India, RBI
RBI, in a monetary policy statement, today said it is raising the existing limits on individual housing loans by cooperative banks. (Photo: Bloomberg)

The on Wednesday 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.

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First Published: Wed, June 08 2022. 12:28 IST


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