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Banks' exposure for setting up units in SEZ

MUMBAI: The Reserve Bank of India in a notification said that the exposure of banks to entities for setting up special economic zones (SEZs) or for acquisition of units in SEZs, which includes real estate, would be treated as exposure to the commercial real estate sector with immediate effect. Banks would have to make provisions as also assign appropriate risk weights for such exposures according to the existing guidelines, the RBI said.

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