RBI Update - Gold Loan – Bullet Repayment – Primary (Urban) Co-operative Banks (UCBs)

It has been decided to increase the monetary ceiling of gold loans that can be granted under the bullet repayment scheme, from ₹2.00 lakh to ₹4.00 lakh for those UCBs who have met the overall PSL target and sub-targets as of March 31, 2023, and continue to meet the targets and sub-targets.

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