 "IBC, Insolvency law")
Lending to infrastructure projects has been hit in the wake of the series of news about bank frauds and probes thereto.
This comes right after a number of insolvency-related problems in the sector. It has led to the expectation that banks will be more cautious in extending new credit for big-loan exposure, as in infrastructure.
In turn, the entire process of financial closure for projects is likely to slow down, a problem for the government’s ambitious infra development goals.
“Risk appetite of credit institutions has understandably diminished. I do, however, believe that viable projects will receive credit support,” said R
