RBI Governor Raghuram Rajan (Source: Reuters)RBI Governor Raghuram Rajan (Source: Reuters)The Reserve Bank of India (RBI) has asked lenders to give specific timelines on loan disbursal to ensure faster implementation of projects, while asking banks to maintain a monitoring mechanism to check any delays.
The central bank gave 30 days to banks to put this into practice, it notified on Monday.
"While banks are required to carry out necessary due diligence before arriving at credit decisions, timely and adequate availability of credit is a pre-requisite for successful implementation of large projects," the RBI said.
(Reuters)
Inside the India-US interim agreement: Reciprocal tariffs on India to come down to 18%, 0% duty on generic pharma
'Think about it': Deepak Shenoy warns indices mask stress as majority of Nifty 500 stocks lag
NSE IPO: NSE board approves long-delayed listing plans; IPO to have equity shares of face value Re 1
IDBI Bank stake sale: Financial bids received; evaluation underway, says FinMin
Bitcoin avoids $60,000 breakdown, still down over 50% from record high 
RBI Says Trade Deals With EU, US & Others Strengthen India’s External Sector Outlook
Jeffrey Sachs Praises Modi On India-US Trade Deal: “Trump Blinked, India Must Not Depend On U.S.”
Agra’s ₹127 Cr Housing Project In Ruins: Flats For Poor Rot Before Occupation
RBI Credit Policy LIVE Analysis | Aditya Pagaria Explains Rate Pause Impact
TeamLease Q3 Results: Profit Jumps 47% As Margins Improve Despite Headcount Loss
'Think about it': Deepak Shenoy warns indices mask stress as majority of Nifty 500 stocks lagBitcoin avoids $60,000 breakdown, still down over 50% from record high NSE IPO: NSE board approves long-delayed listing plans; IPO to have equity shares of face value Re 1
Max Healthcare discontinues patented cancer drugs, writes to CGHS to review pricing
NSE Q3 net profit falls to Rs 2,408 crore; PAT up 15%, total income rises 6% QoQ