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ARTICLE · 05 MARCH 2013

Corporate Law Alert - January 14, 2013

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The Reserve Bank of India "vide" Notification No. DNBS. 253/CGM (CRS)-2012 dated December 28, 2012 has amended the definition of 'infrastructure loan'.

IndiaFinance and Banking
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Reserve Bank of India Amends Definition of Infrastructure Loan of NBFCs

The Reserve Bank of India ("RBI") vide Notification No. DNBS. 253/CGM (CRS)-2012 dated December 28, 2012 has amended the definition of 'infrastructure loan' as given in the Non-Banking Financial (Deposit Accepting or Holding) Companies (NBFC) Prudential Norms (Reserve Bank) Directions, 2007. RBI has also vide Notification No. DNBS. 254/CGM (CRS)-2012 dated December 28, 2012 decided to bring about harmonization by amending the definition of the term 'infrastructure loans' in the Non-Banking Financial (Non-Deposit Accepting or Holding) Companies (NBFC) Prudential Norms (Reserve Bank) Directions, 2007. Pursuant to the amendments, "infrastructure loan" means a credit facility extended by NBFCs to a borrower for exposure in the following infrastructure subsectors:

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