Statement on Developmental and Regulatory Policies dtd 8th June 2022

Last updated: 08 June 2022
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This document, released by the Reserve Bank of India on 8th June 2022, outlines key developmental and regulatory policy changes. It details enhancements to housing loan limits for cooperative banks, allows rural cooperative banks to lend to the commercial real estate sector, and permits urban cooperative banks to offer doorstep banking. The statement also covers updates on margin requirements for derivatives and increases limits for recurring e-mandate payments, alongside enabling RuPay credit card linking to UPI. This is essential reading for financial institutions and stakeholders in India's banking sector.

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