RBI reduces provisioning requirement for project finance, effective Oct 1
The RBI's directives stipulate that lenders must maintain a general provisioning of 1.25% on commercial real estate, and 1% each on commercial real estate — residential housing and other portfolio during the construction phase.
The RBI's directives stipulate that lenders must maintain a general provisioning of 1.25% on commercial real estate, and 1% each on commercial real estate — residential housing and other portfolio during the construction phase.
What's Your Reaction?
FEDA-HQ
The Federation of Economic Development Association of India (F.E.D.A) holds the distinction of being India's most venerable umbrella organization. F.E.D.A focused on promoting economic growth in India. Economic development professionals throughout the state, along with individuals and companies in related economic development fields, work together with the F.E.D.A Members and Board of Federation to help positively influence country legislation and industrial growth. With cutting edge policy research and advisory to National and State governments on trade issues. F.E.D.A is one of the leading non-profit organizations with established credentials for enhancing economic development.
