RBI Enhances Housing-Loan Limits Under Priority Sector Lending For RRBs, SFBs

The Reserve Bank of India has decided to enhance the housing loan limits for Regional Rural Banks (RRBs) and Small Finance Banks (SFBs) for eligibility under priority sector lending, in a bid to give them a level playing field with other Scheduled Commercial Banks.

Henceforth, housing loans given by RRBs and SFBs to individuals up to INR 35 lakh in metropolitan centers (with population of 10 lakh and above) and INR 25 lakh in other centers, provided the overall cost of the dwelling unit in the metropolitan centers and at other centres does not exceed INR 45 lakh and INR 30 lakh, respectively, will be eligible for classification under priority sector lending.

Source: The Hindu Business Line

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