Multiple choice

Housing Loans granted to an individual by an urban co-operative bank will be classified under priority sector if the amount of loan does not exceed�

  1. Rs. 7.5 lac

  2. Rs. 10 lac

  3. Rs. 15 lac

  4. Rs. 20 lac
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Urban co-operative banks classify housing loans as priority sector lending if the loan amount does not exceed Rs. 15 lac, as per the specific guidelines applicable to these institutions.

Keep practicing — related questions