RBI eases norms on infrastructure funding
The Reserve Bank today eased norms for declaring bank-funded infrastructure projects as sub-standard.
By PTI |
MUMBAI: The Reserve Bank today eased norms for declaring bank-funded infrastructure projects as sub-standard.
In its Annual Monetary Policy today, the apex bank said that the account would be treated as sub-standard only if commercial production does not begin two years after completion of the project.
Currently, if commercial production does not begin within a year of completion, the account is treated as sub-standard.
This revised norm would be effective from March 31, the RBI said.
In its Annual Monetary Policy today, the apex bank said that the account would be treated as sub-standard only if commercial production does not begin two years after completion of the project.
Currently, if commercial production does not begin within a year of completion, the account is treated as sub-standard.
This revised norm would be effective from March 31, the RBI said.
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