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Finance Min tells RBI to tag road loans as secured

Finance Min tells RBI to tag road loans as secured

The Union Finance Ministry has urged the Reserve Bank of India to consider a change in its stance that treats loans to road projects as unsecured. If the RBI sheds its reluctance to treat highway sector lending as secured loans, credit flows to the fund-starved sector could grow by at least 20 per cent-25 per cent, officials said.