RBI doubles Bullet Repayment Gold loan limits for urban co-op banks to Rs 4 lakh

The Reserve Bank of India, RBI has increased the monetary ceiling of gold loans under Bullet Repayment Scheme from two lakh rupees to four lakh rupees for Urban Co-operative Banks. Union Cooperation Ministry said, this will remove difficulties faced by the Urban Co-operative Banks and help



in meeting the prescribed Priority Sector Lending target.