The RBI has allowed urban cooperative banks to provide doorstep banking services to meet the needs of customers, especially the elderly and people of varying abilities.
As a major stimulus to the home lending segment, the Reserve Bank of India has twice capped housing loans from cooperative banks and allowed rural cooperative banks (RCBs) to finance residential real estate projects to support affordable housing and inclusive growth.

The RBI has approved urban cooperative banks (UCBs) to provide doorstep banking services to meet the needs of customers, especially the elderly and people of varying abilities.

The limits for tier-I and tier-II UCBs have been revised from Rs 30 lakh to 60 lakh and Rs 70 lakh to Rs 1,40 crore, respectively. These limits were last revised for UCBs in 2011 and RCBs in 2009.

For rural cooperative banks, the limits have been revised from Rs 20 lakh to 50 lakh RS for RCBs with an estimated net worth of less than Rs 100 crore and for other RCBs, the limits would be increased from Rs 30 lakh to 75 lakh. RBI has decided to allow RCBs – state cooperative banks and district central banks – to extend finance to commercial real estate – residential housing within the current aggregate housing finance limit of 5 per cent of its total assets. This decision was taken in light of the growing need for affordable housing and to realize their potential in providing credit facilities to the housing sector, RBI said