<h1>RBI Updates NBFC Infrastructure Loan Definition to Match Banks; Affects New Loans, Retains Benefits for Existing Projects.</h1> The Reserve Bank of India (RBI) has revised the definition of 'infrastructure loan' for Non-Banking Financial Companies (NBFCs) to align with the definition used by banks. This change, effective immediately, involves updating the NBFC Prudential Norms Directions, 2007. The revised definition specifies various infrastructure sub-sectors eligible for loans, including transport, energy, water sanitation, communication, and social and commercial infrastructure. Existing projects under previously recognized sub-sectors will retain their benefits until completion, but new loans to these sub-sectors will not qualify as infrastructure lending. This harmonization aims to regulate the credit system effectively.