Banks plan to align norms for project finance lending

Banks are developing a common framework for project finance lending. This initiative aims to curb regulatory arbitrage and operational misalignment among lenders. Discussions will involve state-run and private banks to establish common parameters. Such alignment will enhance risk mitigation and avoid divergent audit observations. Final guidelines by bank boards are expected to reduce regulatory arbitrage scope.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lhxFuHn
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