What does IDFC Limited do?
Infrastructure Development Finance Company Limited, more commonly known as IDFC, is a finance company based in India under Department of Financial Services, Government of India. It provides finance and advisory services for infrastructure projects as well as asset management and investment banking.
What is Sifti?
SIFTI means Scheme for Financing Viable Infrastructure Projects through a. Special Purpose Vehicle called India Infrastructure Finance Co Ltd (IIFCL) and implemented by IIFCL.
What is the minimum net-worth required for an infrastructure finance company?
Rs 300 crore
The company should have minimum net-worth of Rs 300 crore, The CRAR of of the company should be at 15% with Tier I capital at 10% and. The minimum credit rating of the company should be at ‘A’ or equivalent of CRISIL, FITCH, CARE, ICRA, BRICKWORK or equivalent rating by any other accrediting rating agencies.
Is infrastructure Finance Company a non banking finance company?
Infrastructure Finance Company (IFC): IFC is a non-banking finance company a) which deploys at least 75 per cent of its total assets in infrastructure loans, b) has a minimum Net Owned Funds of Rs 300 crore, c) has a minimum credit rating of ‘A ‘or equivalent d) and a CRAR of 15%.
Is IDFC private or government?
private sector bank
IDFC Bank Limited (“IDFC Bank”) is a professionally managed new private sector bank in India, promoted by IDFC Limited (“IDFC”).
Where is the headquarter of India Infrastructure Finance Company Limited?
About us. India Infrastructure Finance Company Limited (IIFCL) is a banking company based out of 8th Floor, Hindustan Times Building 18 & 20, Kasturba Gandhi Marg, Mumbai East, Maharashtra, India.
Is Iifcl a government company?
IIFCL is a wholly-owned Government of India company set up in 2006 to provide long-term financial assistance to viable infrastructure projects through the Scheme for Financing Viable Infrastructure Projects through a Special Purpose Vehicle called India Infrastructure Finance Company Ltd (IIFCL), broadly referred to as …
How do I know if my company is NBFC?
Financial activity as principal business is when a company’s financial assets constitute more than 50 per cent of the total assets and income from financial assets constitute more than 50 per cent of the gross income. A company which fulfils both these criteria will be registered as NBFC by RBI.
What is infrastructure finance loan?
Ans “Infrastructure loan” means a credit facility extended by NBFCs to a borrower for exposure in the following infrastructure sub-sectors: Sl.No. Category. Infrastructure sub-sectors. 1.
Is IIFCL a government company?
Who is the owner of IIFCL?
Chairman. Shri Padmanabhan Raja Jaishankar brings with him a rich experience of over 32 years in Development Banking and Financial domains, handling Top Management and Board Level roles in the Infrastructure, Mortgage Finance and Capital Markets sectors.