Draft RBI Co-Lending Arrangements Directions: The draft directions establishes a comprehensive framework for permitted REs (banks, AIFIs, NBFCs) engaging in joint lending, excluding loans over ₹100 crore or those covered by existing guidelines. These rules outline the applicability, definitions, general guidelines for credit policies and agreements, borrower disclosures, interest rate mechanisms (blended rate), operational procedures including escrow accounts, reporting to CICs, and permissible default loss guarantees. The directions also address asset classification and the transfer of loan exposures. The comments/ feedback from stakeholders are invited. (RBI Draft Directions Dated 09/04/2025)