RBI's 2025 guidelines allow broader credit support by banks and NBFCs to boost infrastructure and municipal bond financing.

• Regulated entities can offer partial credit enhancement up to 50% for bonds, freeing bank limits for infra companies.
• Credit enhancement now extended to municipal bonds; bonds must have ratings from at least two credit rating agencies.
• RBI mandates strong internal policies for issuing NFB facilities, including audits, ceilings, monitoring, and compliance controls.