Meanwhile, the banks must draw appropriate lessons from the past failures and be very discerning with the credit appraisal of the projects that come up for their consideration. 12. In sum, any criticism of the banks for not meeting the financing requirements of the infrastructure sector has to be viewed in the backdrop of lack of availability of bankable and commercially viable projects.
1  Further, the promoters’ shares in the SPV of an infrastructure project pledged to the lending bank are permitted to be excluded from the banks’ capital market exposure. BIS central bankers’ speeches  3  Separate asset classification norm for infrastructure projects 13.