Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances - Projects under Implementation, Directions, 2024

This article includes the following key pointers:

  1. Introduction
  2. Applicability & Effective Date
  3. Phase of Projects
  4. Prudential Conditions for Project Finance
  5. Resolution Plans involving extension of DCCO
  6. Provisioning for Standard Assets
  7. Timelines for compliance
  8. Income Recognition
  9. Conclusion

Read more at: https://taxguru.in/rbi/new-rbi-guidelines-prudential-framework-project-financing.html