RBI Aligns NBFC Loan Restructuring Rules with Banks
January 24, 2014 2:26 PM EST
Reserve Bank of India
The key provisions include that the relaxation or extension of commencement of projects will not amount to restructuring for infrastructure, non-infrastructure and corporate real estate projects, the Reserve Bank of India said in a statement.
The central bank also said a special classification benefit will be provided to corporate debt restructuring cases, including small and medium enterprises, until the end of March 2015.