NPCI falls into the category of financial market infrastructure. Our infrastructure is not visible to the naked eye. The financial market infrastructure, however, is huge. Within this, NPCI plays the role of a payments utility. We are like a utility to the banks wherein we facilitate over 25 million payments transactions daily.
Tag: ICICI Bank
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Gammon lenders to acquire 51% stake
Lenders led by ICICI Bank have decided to initiate a strategic debt restructuring (SDR) exercise at Gammon India, which will give them a 51 per cent stake in the construction and engineering company.
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Those vehicles without tags should be impounded
There are barriers at the tolls. The system counts and classifies the vehicles. Pictures of the vehicle are taken per transaction. The system then marries the transaction with the classification of the vehicle and the video. Then, there are features to manage the exempt vehicles and monthly passes, etc.
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Move to revive gas-based power will benefit banks
Terming the Indian GovernmentĆĀ“s decision to revive and improve utilisation of the countryĆĀ“s stranded gas-based power generation plants to import feed stock
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Electronic toll system on the cards
India is expected to save at least Rs 86,000 crore annu-ĆĀ”ally after the electronic toll collection (ETC) system becomes operational across India, according to Road Transport and Highways Minister Nitin Gadkari.
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Injecting Hope
A slew of measures to infuse the much-needed cash-flow into the infrastructure sector have been introduced to push growth. And Rs 8 lakh crore of equity is likely to find its way soon in the sector enriching the fund pool. However, missing links like deepening the bond market in the country
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Looking East
While political differences may take a while to be ironed out, growing business collaborations between India and China are scripting a mutually benefiting story. China has shown keen interest to finance IndiaĆĀ“s infrastructure development
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ICICI Bank plans infra bonds
ICICI Bank is planning to raise Rs 1,000 crore of funds through infrastructure bonds. The lender is planning to issue 10-year bonds worth Rs 500 crore with an equal
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Fundamentals revisited
Most banks have shown resilience, preventing further deterioration in asset quality in the fourth quarter. The same quarter also proved to be healthy in terms of recovery for most PSU banks
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Finally the Cure?
Long term financing has been ailing the infrastructure sector making alternate non-banking financing options like Infrastructure Debt Funds (IDFs) more viable. Rahul Kamat and Garima Pant explore the IDF environment in India. The yawning infrastructure gap in the country is seeking closure to unleash its locked growth potential.