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After the projects are found to be eligible for restructuring, they would not be categorised as non-performing assets, even if they are bad debts at the time of such restructuring, RBI said in a notification.
These projects are Nandi Economic Corridor Enterprises, GVK Industries, Gautami Power, Konaseema Gas Power, New Tirupur Area Development Corporation, Vemagiri Power Generation and Delhi Gurgaon Super Connectivity.
The Indian Bank Association has given a list of these projects to RBI to seek special regulatory treatment for asset classification.
"The request of IBA has been examined. We advise the banks may take a fresh financial viability study of these projects in order to assess their eligibility for restructuring," the central bank said.
As per the current norms, the advances by banks and financial institutions to infrastructure projects can be treated as sub-standard assets if the date of commencement of commercial production or operation extends two years beyond the date of completion of the project, as envisaged at the time of tying up the loan.
(PTI)
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