The Government is taking all the necessary steps to revive the economy. It has taken quick decisions and is also focusing on executive and administrative capability to implement them.
Tag: NBFC
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Prime Minister, please
By the time this issue reaches your hands, the new government would have taken over. Which are the burning issues in the infrastructure space that have to be tackled on an urgent basis?
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Essel Finance to diversify
Essel Finance Advisors and Managers is planning to add three more verticals to its portfolio in the coming months. The company already has a real estate private equity business and will add a non-banking financial company (NBFC), investment banking (IB) advisory and another vertical that will focus on fundraising for corporates. The overall plan of the company is to set up all the verticals in financial services business over the next 3-5 years.
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It is good to be under RBI regulations as an NBFC
India Infrastructure Finance Company Ltd (IIFCL) may not see a paradigm shift because it was recently bestowed the NBFC status. Yet the company now hopes that regulation will help define its processes and growth better, Harsh Kr Bhanwala, Executive Director, IIFCL, tells Shashidhar an undaiah.
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India Infoline to issue Rs 10.5 bn worth debentures
India Infoline Finance would issue non-convertible debentures worth Rs 525 crore with an option to retain over-subscription of a similar amount. In other words, the non-banking finance arm of India Infoline would mop up a maximum of Rs 1,050 crore through this issuanc
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Infradebt refinances road project
India Infradebt (Infradebt), which is the countryÂ’s first Infrastructure debt funds (IDFs) in the NBFC format, completed its first transaction by refinancing a road project of Zirakpur-Parwanoo section of NH-22. The stretch is built by Himalayan Expressway, which is part of Jaiprakash Group. The debt fund is sponsored by ICICI Bank along with Bank of Baroda, Citigroup and LIC
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Muthoot Group to consider banking venture
Muthoot Group may consider foraying into the banking sector if it feels that such an exercise would be a strategic fit with existing lines of business, Alexander George Muthoot, Director, Muthoot Group said.
The gold-loan non-banking finance company (NBFC) may take up the banking business if the RBI gives a separate licence for the bank based on the work it did
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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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Govt grants licence for infra debt fund
ICICI Bank, which is the largest shareholder of the first Infrastructure Debt Fund (IDF) under the non-banking finance company (NBFC) structure, received license for the fund from Finance Minister P Chidambaram. Following the receipt of the licence, commercial operations of the fund, named India Infradebt, would begin. Almost a year ago, the shareholders of the fund sign
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Govt grants licence for infra debt fund
ICICI Bank, which is the largest shareholder of the first Infrastructure Debt Fund (IDF) under the non-banking finance company (NBFC) structure, received license for the fund from Finance Minister P Chidambaram. Following the receipt of the licence, commercial operations of the fund, named India Infradebt, would begin. Almost a year ago, the shareholders of the fund sign