• SENSEX
    NIFTY 50
Energy

RBI refuses to relax norms for ARC to warehouse stressed power projects

Updated : September 07, 2018 08:27 AM IST

About setting up of the ARC by state-run lender Rural Electrification Corporation (REC) with other lenders to power projects, Bhalla said, "The REC and lenders together will set up this ARC."
A power sector expert said in the absence of the sought concessions from RBI, it would be a tight rope walk for the REC and other lenders to implement the proposal of setting up an ARC for the purpose.
RBI refuses to relax norms for ARC to warehouse stressed power projects

You May Also Like

Live TV
Advertisement