At the same time, IFCI
's commercial papers have been downgraded from BWR A1 to A2 plus, IFCI
informed stock exchanges in regulatory filings on Wednesday.
'The benchmark rate up to one year reduced from 9.40 percent to 9.30 percent with monthly rests,' IFCI
said in a statement.
share buy valued NSE at ` 17,800 crore File photo of NSE Chairman Ashok Chawla
In fact, just the way IDBI, IFCI
or ICICI existed earlier when IDFC was created, the country has two big refinancing institutions - NABARD and SIDBI - to help the bottom of the pyramid.
Under this regulation, the government has allowed lending by IFCI
, IDFC, Life Insurance Corporation of India (LIC) and non-banking finance companies exclusively to infrastructure sector to raise money through these bonds.
has released a white paper on its driving issue with the intent of soliciting comments on the subject of "rethinking the quality of risk management disclosure practices." IFCI
's Guide to Risk Management for Top Executives and Real Cases document risk management decisions that have had a negative impact on business and market value.
Summary: Mumbai (Maharashtra) [India], June 29 (ANI): Investment information company ICRA has downgraded credit ratings of government-owned specialised financial institution IFCI
Limited from BBB+ to BBB with a negative outlook.
New Delhi: SBI, United Bank of India and IFCI
are looking for buyers to sell as many as 110 accounts that have turned dud to recover dues over Rs 16,349 crore.
Global Banking News-January 11, 2016--India's IFCI
lowers lending rate
For example, IFCI
has already acquired IDBI Bank's stake in Stock Holding Corporation, while putting its shares in NSE on the block.