10-Feb-2020

RBI allowed a one-year extension of the DCCO for project loans


RBI allowed a one-year extension of the date of commencement of commercial operations (DCCO) for project loans, which are delayed for reasons beyond the promoters’ control. The DCCO is significant because repayment schedules are linked to it. RBI also said the asset classification of project loans need not be downgraded by lenders during this period.

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