RBI relaxes certain norms for urban co-operative banks

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India's central bank has eased regulations for urban co-operative banks, allowing more flexibility in defining small-value loans and increasing aggregate residential mortgage limits. This includes raising the small-value loan cap to 2.5 million rupees or 0.4% of Tier I capital, with new individual housing loan limits ranging from 6 million to 30 million rupees, effective immediately.