Finance
Sock JohnsonRBI 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!
few days ago | Aathira Varier
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.
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.