May 30, 2012 / 2:17 PM / 5 years ago

Infra finance cos to have uniform risk weight - RBI

MUMBAI, May 30 (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 central bank 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 central bank said in a statement. (Reporting by Neha Dasgupta; editing by Malini Menon)

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