is strategically important to GoI, and plays an important public policy role of a key vehicle for providing financial assistance to infrastructure projects, which is a vital priority for economic development.
was set up to provide funds at commercial terms with over 20-year maturity for infrastructure projects.
of India plans to set aside USD500m in funds in order to back guarantees provided by the infrastructure lender.
CRISIL's rating on the bond issues of IIFCL
continues to factor in the guarantees executed by the Government of India (GoI) in favour of the trustees to the bond issues, which form a key component of the credit enhancement structure.
The government announced plans to invest Rs 100,000 crore in the infrastructure sector over the next two years and asked IIFCL
to put together a corpus of over Rs 40,000 crore to fund the investment.
He was speaking after launching the maiden IDF scheme of IIFCL
Mutual Fund (IDF) here today.
Global Banking News-February 11, 2013--UK unit of IIFCL
to reintroduce lending cap for private projects(C)2013 ENPublishing - http://www.
National Highways Authority of India, Housing and Urban Development Corp, National Housing Bank, Indian Railways Finance Corp, IIFCL
, Ennore Port, Jawaharlal Nehru Port and Dredging Corporation are among companies permitted by the government to sell tax-free bonds.
should only lend for tenures of 20 years or more since commercial banks are able to lend for up to 15 years," the panel noted.
Absence of long-term financing opti-ons, despite the introduction of takeout financing by IIFCL
, remains another key issue.
The current Deputy Managing Director of IIFCL
, Sanjeev Kaushik has secured the additional charge of the post of Chairman & Managing Director of this institution.