Please refer to Regulation R-17 of Prudential Regulations
for Consumer Financing which stipulates that total exposure
of banks/DFIs under housing finance will not exceeds 10%
of their net advances.
2.
In order to enable the banks to develop housing portfolio
to a reasonable level, and thus fully exploit potential
of this sector, it has been decided to do away with the
above referenced limit of 10% with immediate effect.
3.
Other instructions on the subject will remain unchanged