Finance Ahead of Budget 2020, HDFC pitches for one-time loan recast for realty projects Updated : January 28, 2020 05:43 PM IST HDFC Chairman Deepak Parekh said lenders are not able to write new loans for projects because a new borrowing by an entity which is already a non performing asset. Deepak Parekh said there have been precedents of similar one-time reliefs being allowed by the RBI in the past. Deepak Parekh said there are a host of reasons beyond financial stress of the promoter alone which lead to NPAs in the case of realty projects. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.