May 30, 2012 / 2:22 PM / in 5 years

Infra finance cos to have uniform risk weight - RBI

MUMBAI (Reuters) - The Reserve Bank of India has allowed infrastructure finance companies (IFCs) to have a risk weight of 50 percent on bonds that cover their public-private partnerships as well as commercial operation date projects.

The RBI said on Wednesday the move was aimed to bring in uniformity in norms that already cover other non-banking financial institutions.

For the assets to carry risk weight, the projects should have completed at least one year of operations, the RBI said in a statement.

Reporting by Neha Dasgupta; editing by Malini Menon

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