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A Tidal Wave in the works!

A Tidal Wave in the works!

As the stance of governance is hardening, institutions standing on weak or corroded legs, are stumbling and crumbling. After the case of corrosion of ethics in ICICI, the IL&FS too seems to have bloodied its nose by first becoming a messiah to MaytasInfra (the Satyam scam fall out) in 2009 and then several unrelated forays.

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IDFs are the best route to refinance existing projects

IDFs are the best route to refinance existing projects

Sadashiv Rao, Chief Risk Officer, IDFC Ltd tells Rahul Kamat that IDF-NBFC is a safer route compared to IDF-Mutual Fund, as in the latter, the fund manager can invest in any project (under construction) which will have risk involved in it, and investors may not like to invest in high-risk projects.

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ICICI with BoB, Citi to set up first IDF

ICICI with BoB, Citi to set up first IDF

ICICI Bank, Bank of Baroda and Citi Financial have joi­ned hands to form a nonbanking financial company (NBFC) in order to float the country’s first infrastructure development fund (IDF).While ICICI Bank and BoB will pick up 30 percent stake each, Citi Financial will have close to 30 percent.