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Construction Bank: Way To Bridge The Infrastructure Deficit

by daijiworld.com posted 6months ago 31 views
Mar 7 (IANS): The State Bank of India's (SBI) decision earlier this week to not fund interest payments during the infrastructure construction phase is not only a move to manage its exposure to infrastructure going forward, but also a call to think of innovative solutions to finance the construction phase of infrastructure projects in India. The earlier mechanism, where interest payments were capitalised during the construction phase followed by repayment once the project was commercially operational, will have to change to some extent.