Bankers seek concession for infrastructure sector lending

Union Bank of India said on Thursday bankers have sought concession for easing lending to the infrastructure sector at its pre monetary policy meeting with the Reserve Bank.                                           

"The norms for infrastructure sector lending are a roadblock and we have sought some concessions," MV Nair, chairman and managing director, said.                                            

"This I think will help long term lending to the sector," said Nair, who is also the head of the Indian Banks Association, the apex industry body for bankers.