IL&FS Infra Asset Management (IAML), an Asset Management Company (AMC) signed a Memorandum of Understanding (MoU) with eight Public Sector Banks (PSBs) for acquisition of infrastructure loans. IAML was promoted by IL&FS Financial Services (IFIN) to manage the IL&FS Infrastructure Debt Fund (IIDF
Tag: loans
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RBI revises norms for lending to small units
In view of the increase in price index and cost inputs, Reserve Bank of India revised sub-targets for lending to the micro and small enterprises sector. According to the new norms, banks must divert 40 per cent of total advances to the sector to micro (ma
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AAI raises funds for upgrade
Airports Authority of India (AAI) plans to raise Rs 1,700 crore through bonds and bank loans in the next two years to invest in upgrading 35 non-metro airports.
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Credit to infra industry up 67% of incremental lending
The Reserve Bank of India (RBI)Ć¢ā¬ā¢s says that bank credit to industry has increased 11.7 per cent this fiscal year, as much as two-thirds of that increase is on account of lending to infrastructure.
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