RBI/2012-13/351
DNBS.PD.CC.No. 317/03.10.001/2012-13
DNBS.PD.CC.No. 317/03.10.001/2012-13
December 28, 2012
All NBFCs
Dear Sir/Madam,
Definition of
'Infrastructure Loan' of NBFCs - Harmonisation
Please refer to RBI’s circular
DBOD.No.BP.BC.58/ 08.12.014/2012-13 dated November 20, 2012 on ‘Second Quarter Review of Monetary Policy 2012-13 – Definition
of Infrastructure Lending' in terms of which the definition of ‘infrastructure
lending for the purpose of financing of infrastructure by the banks and
Financial Institutions’ has been harmonized with that of the Master List of
Infrastructure sub-sectors’ notified by the Government of India on March 27,
2012. It has been decided to harmonise the definition of infrastructure lending
for NBFCs with that of banks.
2. Accordingly, the extant definition
of infrastructure loan given in the NBFC Prudential Norms Directions, 2007
stands amended with immediate effect. The revised definition of ‘infrastructure
loan’ is given in the Annex to this circular. Also please find enclosedthe amending
notification of date for meticulous compliance.
3. The exposure of NBFCs to projects
under sub-sectors which were included under our previous definition of
infrastructure, but not included under the revised definition, will continue to
get the benefits under ‘infrastructure lending’ for such exposures till the
completion of the projects. However, any fresh lending to those sub-sectors
from the date of this circular will not qualify as ‘infrastructure lending’.
Yours faithfully,
(C.R.Samyuktha)
Chief General Manager
Chief General Manager
List of sub-sectors
for ‘Infrastructure Loan’
“Infrastructure loan” means a credit
facility extended by NBFCs to a borrower for exposure in the following
infrastructure sub-sectors:
Sl.No.
|
Category
|
Infrastructure sub-sectors
|
1.
|
Transport
|
i. Roads and bridges
ii. Ports iii. Inland Waterways iv. Airport v. Railway Track, tunnels, viaducts, bridges1 vi. Urban Public Transport (except rolling stock in case of urban road transport) |
2.
|
Energy
|
|
3.
|
Water & Sanitation
|
i. Solid Waste Management
ii. Water supply pipelines iii. Water treatment plants iv. Sewage collection, treatment and disposal system v. Irrigation (dams, channels, embankments etc) vi. Storm Water Drainage System |
4.
|
Communication
|
|
5.
|
Social and Commercial Infrastructure
|
i. Education Institutions (capital stock)
ii. Hospitals (capital stock)5 iii. Three-star or higher category classified hotels located outside cities with population of more than 1 million iv. Common infrastructure for industrial parks, SEZ, tourism facilities and agriculture markets v. Fertilizer (Capital investment) vi. Post harvest storage infrastructure for agriculture and horticultural produce including cold storage vii. Terminal markets viii. Soil-testing laboratories ix. Cold Chain6 |
Notes:
RESERVE BANK OF INDIA
DEPARTMENT OF NON-BANKING SUPERVISION
CENTRAL OFFICE
CENTRE I, WORLD TRADE CENTRE,
CUFFE PARADE, COLABA,
MUMBAI 400 005.
DEPARTMENT OF NON-BANKING SUPERVISION
CENTRAL OFFICE
CENTRE I, WORLD TRADE CENTRE,
CUFFE PARADE, COLABA,
MUMBAI 400 005.
The Reserve Bank of India, having considered it necessary in
public interest and being satisfied that, for the purpose of enabling the Bank
to regulate the credit system to the advantage of the country, it is necessary
to amend the Non-Banking Financial (Deposit Accepting or Holding) Companies
Prudential Norms (Reserve Bank) Directions, 2007 (hereinafter referred to as
the said Directions) contained in Notification No. DNBS. 192/DG(VL)-2007
dated February 22, 2007, in exercise of the powers conferred by section 45JA of the
Reserve Bank of India Act, 1934 (2 of 1934) and of all the powers enabling it
in this behalf, hereby directs that the said Directions shall be amended with
immediate effect as follows-
Amendment of paragraph 2(1)(viii)-
Paragraph 2(1) (viii) may be replaced with the following:
“Infrastructure loan” means a credit facility extended by NBFCs to
a borrower for exposure in the following infrastructure sub-sectors:
Sr.No.
|
Category
|
Infrastructure
sub-sectors
|
1.
|
Transport
|
i. Roads and bridges
ii. Ports iii. Inland Waterways iv. Airport v. Railway Track, tunnels, viaducts, bridges1 vi. Urban Public Transport (except rolling stock in case of urban road transport) |
2.
|
Energy
|
|
3.
|
Water & Sanitation
|
i. Solid Waste Management
ii. Water supply pipelines iii. Water treatment plants iv. Sewage collection, treatment and disposal system v. Irrigation (dams, channels, embankments etc) vi. Storm Water Drainage System |
4.
|
Communication
|
|
5.
|
Social and Commercial Infrastructure
|
i. Education Institutions (capital
stock)
ii. Hospitals (capital stock)5 iii. Three-star or higher category classified hotels located outside cities with population of more than 1 million iv. Common infrastructure for industrial parks, SEZ, tourism facilities and agriculture markets v. Fertilizer (Capital investment) vi. Post harvest storage infrastructure for agriculture and horticultural produce including cold storage vii. Terminal markets viii. Soil-testing laboratories ix. Cold Chain6 |
Notes:
1. Includes supporting terminal infrastructure such as
loading/unloading terminals, stations and buildings
2. Includes strategic storage of crude oil
3. Includes city gas distribution network
4. Includes optic fibre/cable networks which provide broadband /
internet
5. Includes Medical Colleges, Para Medical Training Institutes and
Diagnostics Centres
6. Includes cold room facility for farm level pre-cooling, for
preservation or storage of agriculture and allied produce, marine products and
meat.
(C.R.Samyuktha)
Chief General Manager
Chief General Manager
RESERVE BANK OF INDIA
DEPARTMENT OF NON-BANKING SUPERVISION
CENTRAL OFFICE
CENTRE I, WORLD TRADE CENTRE,
CUFFE PARADE, COLABA,
MUMBAI 400 005.
DEPARTMENT OF NON-BANKING SUPERVISION
CENTRAL OFFICE
CENTRE I, WORLD TRADE CENTRE,
CUFFE PARADE, COLABA,
MUMBAI 400 005.
Notification no. DNBS. 254/CGM(CRS)-2012 dated December 28, 2012
The Reserve Bank of India, having considered it necessary in
public interest and being satisfied that, for the purpose of enabling the Bank
to regulate the credit system to the advantage of the country, it is necessary
to amend the Non-Banking Financial (Non-Deposit Accepting or Holding) Companies
Prudential Norms (Reserve Bank) Directions, 2007 (hereinafter referred to as
the said Directions) contained in Notification No. DNBS. 193/DG(VL)-2007
dated February 22, 2007, in exercise of the powers conferred by section 45JA of the
Reserve Bank of India Act, 1934 (2 of 1934) and of all the powers enabling it
in this behalf, hereby directs that the said Directions shall be amended with
immediate effect as follows, namely -
Amendment of paragraph 2(1)(viii)-
Paragraph 2(1)(viii) may be replaced with the following:
“Infrastructure loan” means a credit facility extended by NBFCs to
a borrower for exposure in the following infrastructure sub-sectors:
Sr.No.
|
Category
|
Infrastructure
sub-sectors
|
1.
|
Transport
|
i. Roads and bridges
ii. Ports iii. Inland Waterways iv. Airport v. Railway Track, tunnels, viaducts, bridges1 vi. Urban Public Transport (except rolling stock in case of urban road transport) |
2.
|
Energy
|
|
3.
|
Water & Sanitation
|
i. Solid Waste Management
ii. Water supply pipelines iii. Water treatment plants iv. Sewage collection, treatment and disposal system v. Irrigation (dams, channels, embankments etc) vi. Storm Water Drainage System |
4.
|
Communication
|
|
5.
|
Social and Commercial Infrastructure
|
i. Education Institutions (capital
stock)
ii. Hospitals (capital stock)5 iii. Three-star or higher category classified hotels located outside cities with population of more than 1 million iv. Common infrastructure for industrial parks, SEZ, tourism facilities and agriculture markets v. Fertilizer (Capital investment) vi. Post harvest storage infrastructure for agriculture and horticultural produce including cold storage vii. Terminal markets viii. Soil-testing laboratories ix. Cold Chain6 |
Notes:
1. Includes supporting terminal
infrastructure such as loading/unloading terminals, stations and buildings
2. Includes strategic storage of crude oil
3. Includes city gas
distribution network
4. Includes optic fibre/cable networks
which provide broadband / internet
5. Includes Medical Colleges, Para Medical Training Institutes and
Diagnostics Centres
6. Includes cold room facility for farm
level pre-cooling, for preservation or storage of agriculture and allied
produce, marine products and meat.
(C.R.Samyuktha)
Chief General Manager
Chief General Manager
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