May 17, 2019
Website Development “IIFCL”
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Website Development “IIFCL”
Latest News Today - India Infrastructure Finance Company Limited (IIFCL)
Latest News Today – India Infrastructure Finance Company Limited (IIFCL)
State-owned India Infrastructure Finance Company Limited (IIFCL) announced its financial results for fiscal 2020-21, reporting a 250 per cent rise in net profit on a consolidated basis to Rs 325 crore, driven by rising sanctions and disbursements. The company announced that its asset quality improved as it was able to bring down its net non-performing assets or NPAs to 5.4 percent in the…
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DFIs to get fresh lease of life to fund ambitious infra projects
DFIs to get fresh lease of life to fund ambitious infra projects
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The government is working on a strategy to give a fresh lease of life to so-called development finance institutions (DFIs) for funding infrastructure projects as rising non-performing assets in the banking sector — which dominated infrastructure funding — limits their heft and threatens to spoil ambitious infrastructure-building plans.
As a first step, the government has indicated its…
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A full blow from the lending slowdown has been shielded with the company turning its focus to hybrid annuity model (HAM) projects in the road sector from 2015 onwards
Who has been appointed as the new MD & CEO of IIFCL?
Who has been appointed as the new MD & CEO of IIFCL?
Question: Who has been appointed as the new MD & CEO of IIFCL? A. Vishal Sikka B. Nitesh Singh C. Sankara Rao D. MGR Murthy Answer: C. Sankara Rao Explanation: Sankara Rao has been appointed as the new Managing Director & Chief Executive Officer (CEO) of the India Infrastructure Finance Company Limited (IIFCL). According to an order issued by the Department of Personnel and Training (DoPT), the…
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Finance Ministry may push for IFCI, IIFCL merger
Finance Ministry may push for IFCI, IIFCL merger
NEW DELHI, JUNE 8: The Finance Ministry is examining the possibility of merger of two state-run financial institutions, India Infrastructure Finance Company (IIFCL) and Industrial Finance Corporation of India (IFCI) to create a bigger financing firm for the sector. “The proposal is under the active consideration of the ministry so that the huge deficit, which infrastructure space has, can be…
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IIFCL awaits regulation from RBI for credit enhancement agency: Official
IIFCL awaits regulation from RBI for credit enhancement agency: Official
[ad_1] India Infrastructure Finance Company Ltd (IIFCL), entrusted with the task of setting up of credit enhancement agency is waiting for regulation from the Reserve Bank of India (RBI), a senior official said. The proposal for setting up of a dedicated fund to provide credit enhancement to infrastructure projects was announced by Finance Minister Arun Jaitley in the last Budget. “We are…
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Government is planning a dedicated fund of Rs. 10,000 crore to provide credit enhancement for commercially viable projects.