Tuesday, September 24, 2013

Finance ministry, RBI in talks on easier rules for infra debt funds

New Delhi: The finance ministry is in talks with the Reserve Bank of India (RBI) to liberalize the rules to allow newly created infrastructure debt funds (IDFs) to take over, or assume, more loans from banks without having to set aside money if they later restructure the loans. At present, if IDFs extend the tenure of such debt instruments, the central bank categorizes them as restructured loans, increasing the provisioning requirements........

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