💨 Abstract

India's central bank, the Reserve Bank of India (RBI), has revised norms for urban cooperative banks (UCBs) to provide them with greater operational flexibility while adhering to regulatory objectives. Changes include: increasing the limit for small-value loans, increasing the aggregate exposure limit for residential mortgages, capping real estate exposure, revising individual housing loan limits, and extending the glide path for provisioning requirements for investment in security receipts.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖