In a notification RBI says primary cooperative banks can offer loans of up to Rs 10 lakh to individuals for repair or alterations of their houses in metropolitan cities.
The ceiling on loans by such banks to individuals had been revised to Rs 2 lakh in rural and semi-urban areas and Rs 5 lakh in urban areas in September 2013.
Urban co-operative banks refer to primary cooperative banks located in urban and semi-urban areas.
