Q. The Reserve Bank of India (RBI) approved which category of banks to provide doorstep banking services?
Answer: Urban Cooperative banks
Notes: The Reserve Bank of India doubled the limit on housing loans from cooperative banks from Rs. 30 to Rs. 60 lakh for Tier I cities and from Rs. 70 lakh to Rs. 1.40 crore in case of Tier II cities. RBI also permitted Rural Cooperative Banks (RCB) to finance residential real estate projects to support affordable housing and inclusive growth. Urban cooperative banks (UCBs) were allowed to provide doorstep banking services to meet the needs of customers, especially senior citizens and differently-abled persons.
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