Q. With reference to changes brought up the RBI for the cooperative banks consider the following statements:
1.It has increased the existing limits on individual housing loans provided by cooperative banks.
3.Rural cooperative banks have been prohibited to lend to the commercial real estate residential housing sector..
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: A
Notes:

Statement 1 and 2 are correct. The RBI has increased the existing limits on individual housing loans provided by cooperative banks. Urban co-operative banks have been allowed to provide door-step banking facilities to their customers on the lines of commercial banks.

Statement 3 is incorrect. Rural cooperative banks have been allowed to lend to the commercial real estate residential housing sector.

Source: ForumIAS