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Banks for status quo on project finance provisioning norms

Banks for status quo on project finance provisioning norms
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Blanket 5% infra provisions to hurt both lenders and project viability: Banks to RBI

Bankers have said the norms be subsumed within new provisioning rules that will require lenders to pre-empt assessment on potential losses. “RBI is also in the process of finalising the expected credit loss (ECL) based provisioning guidelines,” said a senior bank executive. "So, there is a suggestion that these infrastructure norms be subsumed into those.”

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RBI should review plan to raise provisions against infra loans: FIDC

RBI should review plan to raise provisions against infra loans: FIDC
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Allow NBFCs to access UPI payments platform: FIDC urges Finmin

FIDC suggests allowing NBFCs in UPI network for 'Credit on UPI', boosting competition, improving services, and reducing costs.

Vivek joshiMinistry department of financial servicesIndustry development councilFinance industry development councilUnified payment interfaceFinance ministryFinancial servicesUpper layerReserve bank

Clarification likely on GST on NBFC co-lending

Clarification likely on GST on NBFC co-lending
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