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RBI releases draft guidelines on ‘Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances - Projects Under Implementation’
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....BI releases draft guidelines on ‘Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances - Projects Under Implementation’ <br>News and Press Relea....
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....se<br>Dated:- 3-5-2024<br><BR>As announced in the Statement on Developmental and Regulatory Policies dated October 06, 2023, with a view to strengthen the extant regulatory framework governing project....
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.... finance and to harmonise the instructions across all regulated entities, the Reserve Bank of India today released the draft Direction on the prudential framework applicable to financing of project lo....
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....ans. 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 un....
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....derlying risks. The Comments on the draft Direction are invited from public/stakeholders by June 15, 2024. Comments/ feedback may be forwarded to: The Chief General Manager Credit Risk Group Depar....
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....tment of Regulation, Central Office Reserve Bank of India, 12/13th Floor, Shahid Bhagat Singh Marg, Fort Mumbai - 400 001 or by email (Yogesh Dayal) Chief General Manager<BR> News - Press rele....
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....ase - PIB....