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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...
