Which of the following statements is/are correct?
A. RBI has doubled the gold loan limit under the bullet repayment scheme for urban cooperative banks to 4 lahks.
B. The RBI has also said that only UCBs that have met the overall target and sub-targets under the Priority Sector Lending as of March 31, 2023, will be eligible for the higher gold loan limit.
C. The RBI permitted bullet repayment of gold loans of up to 1 lakh to start within 2005, which was increased later in 2017 to 2 lakh, with the repayment being restricted to 12 months.
1
Only A
2
Only C
3
Both A and B
4
Both B and C
5
All A, B and C