MUMBAI, India, April 29 -- Reserve Bank of India issued the following press release:
The Reserve Bank had, on February 10, 2026, issued draft Amendment Directions proposing review of lending norms for UCBs, seeking feedback from stakeholders. The draft Amendment Directions proposed, inter alia, to rationalise the definition of unsecured advances, enhance single and aggregate unsecured advances limits, enhance the lending limit to nominal members for purchase of consumer durables, and allow certain discretions to Tier 3 and Tier 4 UCBs with regard to housing loans. Further, certain disclosure requirements were also proposed for the UCBs.
2. Feedback received on the above draft Directions has been examined and the consequent modifications, ...