The Reserve Bank of India (RBI) is considering making in-person hearings with borrowers mandatory for lenders dealing with potential wilful defaulters, in an effort to increase chances of recovery at an early stage.
The Reserve Bank of India has relaxed regulations on Infrastructure Debt Funds to expand infrastructure financing. IDFs will now be able to access funds without a sponsor, finance Toll Operate Transfer projects as direct lenders and access external commercial borrowings. Additionally, tripartite agreements have been made optional for PPP projects.