The Reserve Bank of India (RBI) has asked all regional rural banks to double the limit for home loans to Rs 10 lakh from Rs 5 lakh for lending for priority sector.
An RBI notification issued in Mumbai said that increase in the limit will be applicable for the bank loans extended to non-governmental agencies, approved by National Housing Bank for their refinance, on-lending for the purpose of construction or reconstruction of individual dwelling units and rehabilitation of slum dwellers.
|