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Provisioning for Standard Assets All lenders shall maintain provisions on exposures to projects under implementation at various stages as under: · Construction Phase: A general provision of 5% of the funded outstanding shall be maintained on all existing as well as fresh exposures on a portfolio basis. · Operational Phase: Once the project reaches the ‘Operational phase’, the provisions can be reduced to 2.5% of the funded outstanding . This can be further reduced to 1% of the funded outstanding provided that the project has o a positive net operating cash flow that is sufficient to cover current repayment obligation to all lenders, and o total long-term debt of the project with the lenders has declined by at least 20% from the outstanding at the time of achieving DCCO. Provisioning for DCCO deferred accounts · For accounts which have availed DCCO deferment and are classified as ‘standard’, and wherein the cumulative deferments are more than 2 years and 1 year for infrastructure and non-infrastructure projects respectively, lenders shall maintain additional specific provisions of 2.5% over and above the applicable standard asset provision · This additional provision of 2.5% shall be reversed on commencement of commercial operation. Provisioning for Delayed Implementation of Resolution Plan When a viable RP is not successfully implemented as stipulated, all lenders shall make additional provisions as prescribed for ‘Delayed implementation of Resolution Plan’ in the Prudential Framework dated June 07, 2019 i.e.: · Where a viable RP in respect of a borrower is not implemented within the timelines given below, all lenders shall make additional provisions as under: 
These additional provisions can be reversed on successful implementation of resolution plan.
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I. The New Developme...
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