RBI releases draft guidelines on ‘Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances - Projects Under Implementation’

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..... RBI releases draft guidelines on ‘Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances - Projects Under Implementation’ - News and Press Release D .....

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..... ated:- 3-5-2024 - News - RBI releases draft guidelines on ‘Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances - Projects Under Implementation’ - .....

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..... - - Dated:- 3-5-2024 - As announced in the Statement on Developmental and Regulatory Policies dated October 06, 2023, with a view to strengthen the extant regulatory framework governing project financ .....

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..... e and to harmonise the instructions across all regulated entities, the Reserve Bank of India today released the draft Direction on the prudential framework applicable to financing of project loans . G .....

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..... iven the complexities involved in project finance, the revised guidelines seek to provide an enabling framework for the regulated entities for financing of project loans, while addressing the underlyi .....

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..... ng risks. The Comments on the draft Direction are invited from public/stakeholders by June 15, 2024. Comments/ feedback may be forwarded to: The Chief General Manager Credit Risk Group Department of R .....

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..... egulation, Central Office Reserve Bank of India, 12/13th Floor, Shahid Bhagat Singh Marg, Fort Mumbai 400 001 or by email (Yogesh Dayal) Chief General Manager - - News - Press release - PIB Tax Mana .....

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..... gement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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