{"id":1527,"date":"2025-06-25T12:55:49","date_gmt":"2025-06-25T12:55:49","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=1527"},"modified":"2025-06-25T12:55:50","modified_gmt":"2025-06-25T12:55:50","slug":"rbi-notification-59-2025-dated-19-06-2025-rbi-project-finance-directions-effective-1st-october-2025","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/06\/25\/rbi-notification-59-2025-dated-19-06-2025-rbi-project-finance-directions-effective-1st-october-2025\/","title":{"rendered":"RBI Notification 59\/2025 Dated 19\/06\/2025 &#8211; RBI Project Finance Directions effective 1st\u00a0October 2025"},"content":{"rendered":"\n<p>These aim to standardize the framework for financing infrastructure and non-infrastructure projects, including commercial real estate (CRE) and commercial real estate-residential housing (CRE-RH) sectors, by all Regulated Entities (REs). The key aspects of the new guidelines include stringent prudential conditions for project sanction, ensuring financial closure and clear Date of Commencement of Commercial Operations (DCCO) documentation prior to disbursement. Minimum land\/right of way requirements have been set for various project types (e.g., 50% for PPP infrastructure, 75% for others). Disbursements must be proportionate to project completion stages and equity infusion, certified by an Independent Engineer\/Architect.\u00a0<\/p>\n\n\n\n<p>&#8212; The directions introduce a structured approach to stress resolution. A \u2018credit event\u2019, defined to include default, DCCO extension needs, or financial difficulty, triggers a collective resolution process during the construction phase. A prima facie review must occur within 30 days of a credit event. Resolution plans involving DCCO extension are permitted to retain \u2018Standard\u2019 asset classification under specific conditions, including time limits (up to 3 years for infrastructure, 2 years for non-infrastructure), limits on cost overruns (up to 10% of original project cost), and strict adherence to financial parameters. Additional specific provisions (0.375% for infrastructure, 0.5625% for non-infrastructure) are mandated for each quarter of permitted DCCO deferment for \u2018standard\u2019 assets.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/rbidocs.rbi.org.in\/rdocs\/Notification\/PDFs\/NT59345BFF7593E047D587358A7A802B0F4A.PDF\"><em>(Link: RBI Notification 59\/2025 Dated 19\/06\/2025)<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>These aim to standardize the framework for financing infrastructure and non-infrastructure projects, including commercial real estate (CRE) and commercial real [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[72,76],"tags":[],"class_list":["post-1527","post","type-post","status-publish","format-standard","hentry","category-rbi","category-notifications-rbi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBI Notification 59\/2025 Dated 19\/06\/2025 - RBI Project Finance Directions effective 1st\u00a0October 2025 - Bhatia Bhola &amp; Associates LLP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/06\/25\/rbi-notification-59-2025-dated-19-06-2025-rbi-project-finance-directions-effective-1st-october-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI Notification 59\/2025 Dated 19\/06\/2025 - RBI Project Finance Directions effective 1st\u00a0October 2025 - Bhatia Bhola &amp; Associates LLP\" \/>\n<meta property=\"og:description\" content=\"These aim to standardize the framework for financing infrastructure and non-infrastructure projects, including commercial real estate (CRE) and commercial real [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/06\/25\/rbi-notification-59-2025-dated-19-06-2025-rbi-project-finance-directions-effective-1st-october-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Bhatia Bhola &amp; 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