BANK SBI PO Mock Test Series 2025 (Pre + Mains) Current Affairs Business and Economy Banking Affairs
Consider the following statements regarding the revised norms for Urban Co-operative Banks (UCBs) announced by the Reserve Bank of India (RBI) on February 24, 2025:
-
Loans up to Rs 25 lakh or 0.4% of Tier I capital, whichever is higher, can now be classified as small-value loans, subject to a ceiling of Rs 3 crore per borrower.
-
The revised prudential limit for Tier-III UCBs per dwelling unit is Rs 1 crore.
-
The revised prudential limit for Tier-IV UCBs per dwelling unit is Rs 3 crore.
Which of the above statements is/are correct?
1
Only 1 and 2
2
Only 1 and 3
3
Only 2 and 3
4
Only 3
5
Only 2