RBI eases norms for banks on infra projects funding5 min read . Updated: 15 Jul 2014, 11:48 PM IST
The central bank allowed banks to lend money to project developers for 25 years, with the option of resetting the cost of the funds every five years
Mumbai: In a major boost to the infrastructure sector, the Reserve Bank of India (RBI) on Tuesday allowed banks to extend 25-year loans to fund public works such as roads and ports, offering significant relief to developers by stretching the repayment period to cover the economic life of the project.
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