RBI/2016-17/242
DNBR.PD.CC.No.085/03.10.001/2016-17

March 2, 2017

All Non-Banking Financial Companies

Dear Sir/ Madam,

Infrastructure Financing- Definition of 'Infrastructure Lending'

Please refer to the definition of 'Infrastructure Lending' contained in the Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016.

2. The Government of India has further updated the Harmonised Master List of Infrastructure sub-sectors vide Gazette Notifications dated October 13, 2014, April 8, 2016 and August 1, 2016. In this regard, it is advised that for the purpose of definition of ‘Infrastructure Lending’, NBFCs may henceforth be guided by the Gazette Notifications issued by the Department of Economic Affairs, Ministry of Finance, Government of India, from time to time.

3. Updated Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 are enclosed.

Yours faithfully

(C.D.Srinivasan)
Chief General Manager