The rules intend to help the government's push to revive stalled infrastructure projects
RBI cuts statutory liquidity ratio to 22 per cent of deposits from August 9; Picture for representational purpose (Photo: DC archives)
Mumbai: The Reserve Bank of India (RBI) eased rules for long-term loans by banks to the infrastructure sector and heavy industry, allowing for easier refinancing and more flexible restructuring as part of widely expected measures.
The RBI said only loans where the combined exposure by lenders in a single project is more than 5 billion rupees ($79.40 million) would be eligible under the eased regulations.
The rules are intended to help the government's push to revive stalled infrastructure projects as a means to help the economy.
( Source : reuters )
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