RBI further eases project loan recast norms for NBFCs
The Reserve Bank on Thursday allowed non-bank lenders to retain the 'standard asset' tag on a restructured loan for an extended period if an infrastructure project is mired in court cases or has been stuck due to reasons beyond the control of promoters.
Jul 30, 2015, 22:50 PM ISTIVRCL shares jump 9%; co bags Rs 3,624 cr project
Shares of infrastructure firm IVRCL Monday gained over 9 percent as the company bagged a project worth 2.196 billion Saudi Arabian riyal (approximately Rs 3,624 crore) to construct residential complexes in Saudi Arabia.
May 11, 2015, 22:13 PM IST