Mumbai, Feb. 11 -- The Reserve Bank of India (RBI) has unveiled draft amendments to lending norms for Urban Cooperative Banks (UCBs). It is proposing to double the aggregate ceiling for unsecured advances to 20% of total assets. The proposals also include enhanced individual loan limits and deregulation for housing loans for certain UCB tiers. The RBI is launching Mission-SAKSHAM, a significant capacity-building program aimed at training over 1.4 lakh UCB personnel.

As per the draft directions, Tier 3 and Tier 4 UCBs will be permitted to determine the tenure and moratorium period of housing loans in accordance with their Board-approved policies. In contrast, Tier 1 and Tier 2 UCBs will continue to be governed by a maximum housing loan te...