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RBI, banks discusses setting up a company for project monitoring

This will improve risk management, contain delays and reduce risks for projects becoming bad loans

Policy Pulse
Publish Date: Oct 12 2016 2:22PM | Updated Date: Oct 12 2016 2:22PM

RBI, banks discusses setting up a company for project monitoring

The Reserve Bank of India (RBI) and banks are discussing a proposal to float a company for independent project appraisal and monitoring of big-ticket infrastructure and industrial projects.

 

This is part of RBI’s efforts to improve risk management, contain delays and reduce risks for projects becoming bad loans. 

 

Indian banking system has extended financial and non-financial assistance to large number of infrastructure and core-sector manufacturing projects over the past few decades.