infra financing

Worries build up over RBI strictures on infra financing

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Worries build up over RBI strictures on infra financing

Mumbai: Shares of state-owned banks, non-banking finance companies (NBFCs) and infrastructure firms plunged as much as 10% on Monday following the Reserve Bank of India‘s tougher draft guidelines on the financing and accounting of project loans. The proposed stricter lending criteria, with additional provisioning, are aimed at preventing accounting shocks but could potentially hurt balance … Read more

Government to soon appoint 3 independent directors on NaBFID board

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Government to soon appoint 3 independent directors on NaBFID board

The government is in the process of appointment of three independent directors on the board of newly-incorporated Rs 20,000 crore National Bank for Financing Infrastructure and Development (NaBFID), a move that will clear the decks for commencing of operation of the Development Finance Institution critical for infra financing. With the appointment of three independent directors, … Read more