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ARTICLE · 30 JULY 2024

RBI'S Draft Prudential Framework For Projects Under Implementation 2024 - Will It Usher In A New Era In Project Financing?

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On 3 May 2024, the Reserve Bank of India (RBI) released draft regulatory guidelines, titled 'Draft Prudential Framework for Income Recognition...

IndiaFinance and Banking
Manisha Shroff
Manisha Shroff
Arijit Sarkar
Arijit Sarkar
Anjuli Hora
Anjuli Hora
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Introduction

On 3 May 2024, the Reserve Bank of India (RBI) released draft regulatory guidelines, titled 'Draft Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances - Projects Under Implementation, Directions, 2024' (Draft Framework). The Draft Framework applies to all commercial banks, non-banking financial Companies, urban cooperative banks, and financial institutions like NABARD and National Housing Bank. The Draft Framework proposes to establish a comprehensive regulatory framework for project finance in India for the infrastructure, non-infrastructure and commercial real estate sectors.

KEY PROPOSALS OF THE DRAFT FRAMEWORK

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