The Reserve Bank of India has issued the RBI (Project Finance) Directions, 2025, introducing a unified prudential framework for project lending across banks and NBFCs. Effective from 1 October 2025, these Directions aim to standardize financing norms, strengthen underwriting practices, and integrate project loans into the broader resolution framework for stressed assets.
This update provides a comprehensive summary of the key provisions, including disbursement controls, DCCO extensions, data governance requirements, and stress recognition protocols—offering critical insights for lenders, borrowers, and stakeholders in the infrastructure and project finance ecosystem.
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