Ref.No.NB.DoS.CMA./ 2329 /A.75/2022-23
Circular No. 199 /DoS -24 /2022
05 September 2022
The Managing Director / General Manager
All State Cooperative Banks & District Central Cooperative Banks
Dear Sir/Madam,
Enhancement of Individual Housing Loan Limit by RBI – Clarification
In view of increase in housing prices and after factoring in customer needs, RBI vide its circular no 43 dated 08 June 2022 enhanced the limits on residential housing loans sanctioned by Rural Co-operative Banks to an individual as under:
| Category of the bank |
Existing Limit (per individual borrower) |
Revised Limit (per individual borrower) |
| (a) StCBs/DCCBs having assessed net worth less than Rs. 100 crore |
Rs. 20 lakh |
Rs. 50 lakh |
| (b) StCBs/DCCBs having assessed net worth equal to or more than Rs. 100 crore |
Rs. 30 lakh |
Rs. 75 lakh |
Financing of individual residential housing loans by Rural Co-operative Banks is governed by Reserve Bank of India guidelines and the maximum quantum of housing loan that can be granted to an individual borrower by a State / Central Cooperative Bank will be governed by the limit prescribed in the above circular of RBI.
Borrowers/Sectors for whom exposure limits are prescribed by RBI will be outside the purview of CMA exposure limit laid down by NABARD vide circular No. 68/DOS-10/2008 dated 12 May 2008.
However, for all other types of loans extended under ‘individual’ category, instructions contained in our circular No. 68/DOS-10/2008 dated 12 May 2008 shall remain unchanged.
Please acknowledge receipt.
Yours faithfully
(K S Raghupathi)
Chief General Manager