With its eye on economic revival and infrastructure development, the finance ministry has asked the RBI governor to water down several of the “stringent” provisions notified by the central bank in the last few months. In a letter to Raghuram Rajan, banking secretary, GS Sandhu, has asked the RBI to delink the extent of a project cost over-run with the restructuring of a loan as it feels this provision is counterproductive when it comes to reviving stalked projects. The banking secretary has suggested the lenders be allowed to decide the funding, debt equity ratio and upfront contribution by promoters. The banking secretary also wants the RBI to extend the flexible structuring of long tenor loans for CDR cases for projects under implementation. North Block also wants a level-playing field between domestic and foreign banks vis-a-vis ECB refinancing.