IDFs play a vital role as investment vehicles that can be sponsored by NBFCs and commercial banks in India. Shrikanth S writes on how IDFs are correcting the asset-liability mismatch, and also help advance loans for fresh infrastructure projects. The urgent need to improve infrastructure prompted the Indian Planning Commission to estimate infrastructure spending in the 12th Five Year Plan (2012-17).
Tag: IDFC
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Bankers are not mere lenders, they should be accepted as partners
Corporates should treat banks as partners, and that will help in solving many problems. MV Tanksale, Chief Executive, Indian Banks' Association, tells Rahul Kamat that with new banks coming in, there will be intense competition
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FIIs permitted to hike holding in IDFC
With immediate effect, Reserve Bank of India (RBI) removed the restrictions placed on the purchase of shares of IDFC by foreign investors. The central bank removed the restriction because foreign investors' shareholding in IDFC fell below the prescribed limit. In August, the company reduced the limit that foreign investors c
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GMR aims to reduce current debt through sale of road toll projects
GMR Infrastructure is likely to sell four road toll projects between Hyderabad and Vijaywada in Andhra Pradesh. The company aims to raise Rs 1,500 crore through the sale of these road assets.
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Board of IDFC decides to foray into banking
Rajiv Lall, Executive Chairman of IDFC informed that the board of the infrastructure finance company decided to go ahead for a banking license. IDFC is an infrastructure financing non-banking financial company (NBFC). According to analysts, NBFCs stand a brighter chance to get a bank license from the Reserve Bank of India (RBI)
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Financial services arm of Piramal Grp aims Rs 150 bn asset
The proposed financial services business of the Piramal Group would achieve an asset size of Rs 15,000 crore in the next five years, Ajay Piramal, Chairman of the group informed. The company, which would be set up by the group, will conduct three-four big-ticket structured transactions every year and strengthen the NBFC business
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NHAI allows IDFC to pick up 74% stake in Delhi-Gurgaon e-way
The National Highway Authority of India (NHAI) allowed IDFC to pick up 74 per cent stake in the Delhi-Gurgaon expressway project from its original promoters. Following the acquisition of the controlling stake, IDFC, which is the leading lender to the project, is expected to manage the project efficiently to recover its inves
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IDFC likely to take over Delhi-Gurgaon E’way project
In a recent development to the problems surrounding the Delhi-Gurgaon expressway, NHAI has now said that it wants the lead banker of the project, IDFC to takeover the project completely.
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Tower providers plan to use green power
The Tower and Infrastructure Providers’ Association is plaÂnning to float a request for proposal (RFP) inviting NGOs and private green power companies to generate and supply off-grid power to telecom towers in the country. The association proÂÂÂposes the ‘RESCO off-grid disÂÂtribution model’ where renewable energy companies can set up renewable energy-based power plants near the telecom towers and sell power to the telecom company at a pre-determined cost.
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Advisory is a step towards combining all infra-related services under one roof
Banks lending to the infrastructure sector are feeling the need for specialised project appraisal and advisory capabilities.SBI and IDFC have spun them off as separate entities that can backward integrate into their financing competency. IIFCL’s recently launched projects company goes beyond individual projects, and is starting with trying to capture the goodwill of states and state owned entities.