RBI boosts unsecured loan limits for urban co-op banks!

The Reserve Bank of India has just cranked up the unsecured loans cap for urban co-operative banks from 10% to a whopping 20%! Now, Tier 1 can borrow Rs 5 lakh, Tier 2 Rs 7.5 lakh, and Tiers 3 and 4 can snag Rs 10 lakh. Plus, nominal members can now get Rs 2.5 lakh for shiny new gadgets. Housing loans are getting a makeover too!