Implications Of Draft Prudential Framework For Income Recognition, Asset Classification And Provisioning Pertaining To Advances Issued By The RBI On HAM Projects

A lot has been spoken about the potential detrimental effects of RBI's draft prudential framework applicable to financing of project loans released on May 3, 2024 (“Draft Guidelines”) on various sections of the economy. While the Draft Guidelines were issued to address the underlying risks associated with financing of projects by providing an...