RBI proposes tighter project finance rules
Friday, 3 May 2024 ()
The Reserve Bank's draft rules propose stricter lending rules for projects under implementation, including higher provisioning during construction and operational phases. Lenders must adhere to specific conditions for reducing provisions, maintain electronic project data, and implement necessary systems within a specified timeline.
The Reserve Bank's draft rules propose stricter lending rules for projects under implementation, including higher provisioning during construction and operational phases. Lenders must adhere to specific conditions for reducing provisions, maintain electronic project data, and implement necessary systems within a specified timeline.
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