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RBI Pumps Unsecured Loans to 20% for Co-op Banks, Oh Yeah!

RBI Pumps Unsecured Loans to 20% for Co-op Banks, Oh Yeah!

Listen up, folks! The RBI just cranked up unsecured loans for urban co-op banks to a jaw-dropping 20%! That’s a power move from 10%! With limits soaring up to Rs 10 lakh, and consumer durables getting a boost, it’s time to get your by-laws ready to rumble! This is the moment to seize the day!

Quick rundown

  1. RBI doubles unsecured loan cap for urban co-operative banks.
  2. Tier-specific limits set for individual unsecured advances.
  3. Consumer durable loan limit increased to Rs 2.5 lakh per borrower.
  4. Housing loan tenor deregulated for Tier 3 and Tier 4 UCBs.
  5. Draft norms feedback due by March 4, 2026, with changes effective October 2026.

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