RBI, Banks Discuss to set-up a company for project-monitoring

The Reserve Bank of India (RBI) and banks are discussing a proposal to float a company for independent project appraisal and monitoring of big-ticket infrastructure and industrial projects.
●    This is part of RBI’s efforts to improve risk management, contain delays and reduce risks for projects becoming bad loans.
●    Indian banking system has extended financial and non-financial assistance to large number of infrastructure and core-sector manufacturing projects over the past few decades.
●    The proportion of public-sector banks’ exposure to the infrastructure sector.
●    Such actions are being taken by RBI for the ease of people who do take loan for their various needs.
●    RBI has been doing Such meetings since a very long time.
●     It is part of RBI's effort to improve risk, delay and prevent projects from bad loans.