The Reserve Bank of India has significantly reduced mandatory provision requirements for commercial real estate and infrastructure projects, offering relief to lenders. These revised guidelines, effective October 1, aim to sustain the flow of funds, particularly to infrastructure projects. The reduced provisions apply to both under-construction and operational projects, excluding existing ones, thereby limiting the impact on lenders’ capital costs.
Knack Packaging IPO Day 3: Issue subscribed 83x at close; GMP signals 17% listing gain
Knack Packaging’s Rs 439.5-crore IPO was subscribed 73 times on the final day of bidding, led by strong demand from QIBs. The grey market premium