Mumbai, Feb 10 (IANS) The Reserve Bank of India has decided to raise the aggregate ceiling for unsecured loans given by urban co-operative banks to 20 per cent of total advances, from the existing limit of 10 per cent of total assets in the revised draft norms released on Tuesday. The limits for individual unsecured advances within the aggregate ceiling of unsecured advances have been fixed at Rs 5 lakh for Tier 1, Rs 7.5 lakh for Tier 2, and Rs 10 lakh for Tier 3 and Tier 4 urban co-operative b…
Latest Urban Co-operative Banks News & Updates
Mumbai, Dec 29 (IANS) The Indian commercial banking sector remained resilient during 2024-25 and 2025-26 so far, supported by double-digit balance sheet expansion while asset quality strengthened further, with the gross non-performing assets (GNPA) ratio declining to a multi-decadal low of 2.1 per cent at end-September this year, according to an RBI report released on Monday.Deposits and credit of scheduled commercial banks also grew in double digits, albeit with a moderation from the previous y…