Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ Industry / RBI allows NBFCs to recast infra loans
BackBack

RBI allows NBFCs to recast infra loans

Joel Rebello

NBFCs will offer borrowers periodic refinancing by aligning their debt repayment obligations with the cash flows generated by projects

RBI says the move was made after requests from NBFCs. Photo: BloombergPremium
RBI says the move was made after requests from NBFCs. Photo: Bloomberg

Mumbai: The Reserve Bank of India (RBI) on Monday allowed non-banking financial companies (NBFCs) to restructure loans to infrastructure and core industries, treating them on par with banks.

The move was made after requests from NBFCs, RBI said. Under the new rules, NBFCs will offer borrowers periodic refinancing by aligning their debt repayment obligations with the cash flows generated by projects.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 19 Jan 2015, 09:10 PM IST
Next Story footLogo
Recommended For You

Wait for it…

Log in to our website to save your bookmarks. It'll just take a moment.

Yes, Continue

You are just one step away from creating your watchlist!

Login Now

Wait for it…

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.

Your session has expired, please login again.

Yes, Continue
Switch to the Mint app for fast and personalized news - Get App