The Reserve Bank of India (RBI) on May 03, 2024, released draft guidelines on Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances - Projects Under Implementation.
To strengthen the extant regulatory framework governing project finance and to harmonise the instructions across all regulated entities, the Reserve Bank of India released the draft Direction on the prudential framework applicable to the financing of project loans. Given the complexities involved in project finance, the revised guidelines seek to provide an enabling framework for the regulated entities for financing of project loans, while addressing the underlying risks.
The Comments on the draft Direction are invited from the public/stakeholders by June 15, 2024.
[Press Release: 2024-2025/244]
