Posing a new threat to banks, which are already struggling with poor deposits growth, hundreds of investors are breaking their tradition of saving in bank fixed deposits to invest in tax-free bonds from State-run companies. High yields, being offered by the tax-free bonds are attracting the investors.
Category: Infrastructure Finance
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ICICI Venture to raise Rs 1,685 cr
The proposed ICICI Venture infra fund, which aims to invest in assets such as roads, ports, airports and seaports and infrastructure companies, has secured investment commitments of up to $270 million (Rs 1,685 crore) from major companies like LIC.
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ICICI Venture to raise Rs 1,685 cr
The proposed ICICI Venture infra fund, which aims to invest in assets such as roads, ports, airports and seaports and infrastructure companies, has secured investment commitments of up to $270 million (Rs 1,685 crore) from major companies like LIC.
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India expects World Bank’s GIF to be ready by April
For its proposed Global Infrastructure Facility (GIF) that will finance core projects in emerging economies like India, the World Bank is expected to finalise the GIF's shape by next April, says an official in India's Finance Ministry.
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It is good to be under RBI regulations as an NBFC
India Infrastructure Finance Company Ltd (IIFCL) may not see a paradigm shift because it was recently bestowed the NBFC status. Yet the company now hopes that regulation will help define its processes and growth better, Harsh Kr Bhanwala, Executive Director, IIFCL, tells Shashidhar an undaiah.
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Finance blues will change as macroeconomic conditions change: Experts
Lending to the infrastructure sector expanded at a decent pace of 37 per cent CAGR during FY03-13. Lending to infrastructure sector as a part of overall industrial bank credit rose to 32.7 per cent of in FY13 from 10.6 per cent of FY03. Over the past five years, lending to power sector grew by a faster clip of 34 per cent CAGR.
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ADB studies
India´s east coast economic corridor On the Indian East Coast economic corridor, the Asian Development Bank (ADB) is carrying out analytical work. The study will examine the kind of infra-¡structure and institutional investments needed to drive manufacturing-led growth that will create jobs and leverage local, national, regional and global opportunities, according to an ADB release.
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ICICI Venture to raise Rs.1,685 cr
The proposed ICICI Venture infra fund, which aims to invest in assets such as roads, ports, airports and seaports and infrastructure companies, has secured investment commitments of up to $270 million (Rs 1,685 crore) from major companies like LIC.
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Govt to set up Rs.5,500 crore innovation fund
The Union government is likely to set up a Rs 5,500-crore Indian Inclusive Innovation Fund (IIIF). Media reports say that the Union Cabinet is likely to take up a proposal in this regard. The fund will be under the Ministry of Micro, Small and Medium Enterprises (MSME).
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World Bank GIF to be ready by April
For its proposed Global Infrastructure Facility (GIF) that will finance core projects in emerging economies like India, the World Bank is expected to finalise the GIF´s shape by next April, says an official in India´s Finance Ministry. The official added that the spring meeting of the World Bank in April will discuss the design the GIF. The facility will help finance needs of infrastructure deficit nations. The World Bank made a presentation to Finance Minister P Chidambaram in October on the pr