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RBI urges banks to do viability study on 7 infra projects

The Reserve Bank of India (RBI) has asked banks to undertake a fresh financial viability study of seven infrastructure projects, including one from GVK industries, as their operations have already been considerably delayed. After the projects are found to be eligible for restructuring, they would not be categorized as non performing assets (NPAs), even if they are bad debts at the time of such restructuring, RBI said.These projects are Nandi Economic Corridor Enterprises, GVK Industries,   read more »

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