The RBI has allowed banks to extend loans up to Rs 10 lakh to individuals against long-term infrastructure bonds issued by them, thus easing loan norms for low-cost housing.
Tag: Infrastructure bonds
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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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Enhance plan allocation | Budget 2013-14
Aviation Finance Corporation (AFC), an SPV providing dedicated capital, can be set up by the government to facilitate lower interest rates and longer maturity of loans. Private airport operators should be allowed to issue long term non-taxable infrastructure bonds to raise the required funding from the market. RBI limits on sectoral funding should be eased, thereby removing the current compulsion for airport developers to raise required funds/debt from multiple banks, making process time consumi
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AAI’s plea to Govt for Rs 3,000 cr bond issue
With an objective to finance modernisation of non-metro airports, State-run Airports Authority of India (AAI) on October 31 said that it will soon approach the Union Finance Ministry afresh with the proposal to raise funds through a Rs 3,000-crore infrastructure bonds.
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Roads: Refocus on 20 km/day
This is the penultimate budget of the government before elections. The last budget usually is not one where big ticket reforms can be kicked in. Political comĆĀpulsions make those budgets populist
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Infra bond on int'l market
Government is exploring the possibility of issuing long term infrastructure bonds from the international capital markets.
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Srei Infra to raise Rs 500 cr
Srei Infrastructure Finance will raise up to Rs 500 crore through a public issue of infrastructure bonds. Srei has not issued retail infrastructure bonds so far, though the tax-saving tool has been available for the last two years.
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REC plans Rs 1,000 cr infra bonds
Rural Electrification Corporation (REC) plans to raise Rs 1,000 crore by issuing tax-saving infrastructure bonds in the current financial year.
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IIFCL infra credit scheme
The credit enhancement scheme of India Infrastructure Finance Company (IIFCL) may be delayed further, as the finance ministry has asked the state-run lender to try it out for a few months before final launch.
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FIIs to get flexibility in infra bond investments
In a move to stimulate the foreign flows into infrastructure bonds, the Finance Ministry has eased norms for foreign institutional investors (FIIs) for investing in long term infrastruĆĀcture bonds. To lure FIIs, it has reduced lock-up period on such holdings to one year from three years for a five-year bond for overseas institutions investing up to $5 billion in infrastructure bonds.
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