RESERVE BANK OF INDIA (PROJECT FINANCE) DIRECTIONS, 2025 INFRASTRUCTURE PROJECTSNON-INFRASTRUCTURE PROJECTS (INCLUDING CRE AND CRE-RH6)UPTO 3 YEARSUPTO 2 YEARS CONSTRUCTION PHASEOPERATIONAL PHASE - AFTER COMMENCEMENT OF REPAYMENT OF INTEREST AND PRINCIPAL1.25%1.00%1.00%0.75%1.00%0.40%SI NOCIRCULAR NUMBERDATE OF ISSUESUBJECT128.05.2002227.02.2003312.04.2007408.05.2008514.11.2008631.03.2010723.04.2010830.05.2013926.06.20141014.08.20141106.04.20151220.04.20161307.02.20201417.02.20211519.10.2023

MUMBAI, India, June 19 -- Reserve Bank of India issued the following notification:

RBI/2025-26/59

DOR.STR.REC.34/21.04.048/2025-26

June 19, 2025

Reserve Bank of India (Project Finance) Directions, 2025

I. Introduction II. Preliminary A. Preamble B. Powers Exercised C. Short Title and Commencement D. Effective Date E. Applicability F. Definitions III. General Guidelines G. Phases of Projects H. Prudential Conditions Related to Sanction I. Prudential Conditions Related to Disbursement and Monitoring IV. Prudential Norms for Resolution J. Resolution of Stress K. Resolution Plans Involving Extension of Original / Extended DCCO L. Criteria for Upgradation M. Income Recognition N. Provisioning for Standard Assets O. Provisioning for DCCO Def...