Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.
Find out more at btsub.sg/promo
[MUMBAI] India's central bank eased rules for long-term loans by banks to the infrastructure sector and heavy industry, allowing for easier refinancing and more flexible restructuring as part of widely expected measures.
The Reserve Bank of India said only loans where the combined exposure by lenders in a single project is more than 5 billion rupees (US$79.40 million) would be eligible under the eased regulations.
The rules are intended to help the government's push to revive stalled infrastructure projects as a means to help the economy.