Rural banks told to double home loan limit for priority sector
PrintListen to this Article
The Reserve Bank of India (RBI) has asked all regional rural banks to double the limit for home loans to Rs 10 lakh from Rs 5 lakh for lending for priority sector.
An RBI notification issued in Mumbai said that increase in the limit will be applicable for the bank loans extended to non-governmental agencies, approved by National Housing Bank for their refinance, on-lending for the purpose of construction or reconstruction of individual dwelling units and rehabilitation of slum dwellers.
Category : Banking | Comments : 0 | Hits : 460
The Financial Intelligence Unit-India (FIU-IND), in furtherance of the powers conferred upon the Director FIU-IND under Section 13(2)(d) of the Prevention of Money Laundering Act (PMLA), 2002, has imp...
The government on Monday informed the Lok Sabha that all Scheduled Commercial Banks have written off nearly Rs 10.6 lakh crore in the last 5 years, out of which nearly 50 per cent belong to large indu...
The government has cleared the extension of tenure of managing directors of two public sector lenders -- Bank of Maharashtra (BoM) and Central Bank of India. According to sources, Appointments Co...
Comments