In boost to infra sector, RBI eases lending norms In a significant easing of guidelines for refinancing project loans, where the reworked loan will not be considered a restructured asset, the Reserve Bank of India (RBI) has dropped the threshold for partial take-out financing by new lenders to a minimum of 25% of the outstanding loan from 50% now. The 50% limit was proving to be a hurdle for new lenders to enter a consortium as most of the larger banks were already members.
Posted on: Sat, 09 Aug 2014 07:20:00 +0000
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