REFINANCING OF PROJECT LOANS BY NON-BANKING FINANCIAL COMPANIES

Published On: 01/06/2016

Authors:

Ran Chakrabarti
Arijit Sarkar
Priyank Nanavaty
The Reserve Bank of India (the “RBI”) has recently allowed non-banking finance companies (“NBFCs”) to refinance any existing infrastructure or other project loans by way of take-out financing, pursuant to a notification dated June 2, 2016 (the “June 2016 Notification”).