ADVERTISEMENT
Banks Pause Fresh Project Approvals Seeking Clarity From RBI
RBI’s draft rules on project finance propose 5% upfront provisioning for such loans from the current 0.4%.
26 Jun 2024, 01:45 PM IST 
At construction site engineer check drawing correctness concrete mold before pouring concrete. (Source: Envato)
Indian banks have hit a pause on fresh project financing as they seek clarity from the Reserve Bank of India for further sanctioning of loans, according to three people aware of the development. The pure-play project finance loans are temporarily paused for most lenders, the three bankers told NDTV Profit. The lenders are seeking clarity on the regulator's final stance on project finance loans, they added. According to the first of t...
I’m already a Subscriber
To continue reading this storySubscribe to Unlock & Enjoy your
Subscriber-Only benefits
Subscriber-Only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Subscriber-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
Stories20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Subscriber-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
