IIFCL

PNB and IIFCL signed an agreement to offer financial assistance for infrastructure projects, aiming for consortium lending. The MoU signing involved Atul Kumar Goel and Padmanabhan Raja Jaishankar.

IIFCL, the state-owned infrastructure financing firm, anticipates a loan growth of approximately 18% and targets reducing net non-performing assets (NPAs) to zero in the current fiscal year. Gross NPAs at India Infrastructure Finance Company Ltd (II...

Company plans to tap the ECB route for raising funds. Improved profitability has been accompanied by lower non-performing assets with net NPA ratio falling to 0.46% from 1.41% in fiscal 2022-23.

The central bank is mandated to invest small portion of its foreign exchange reserves- $ 5 billion in the company following demands from the government in the past to fund infrastructure.

​IIFCL Asset Management Company along with four individuals have settled with Sebi a case pertaining to alleged violation of mutual fund norms after paying Rs 1.02 crore collectively towards settlement charges.

State-run infrastructure financing firm IIFCL has proposed that the space sector should be classified as part of the infrastructure sector. IIFCL has disbursed around ₹18,000 crore in loans in FY24 and is providing transaction advisory services to I...

In November 2023, the regulator increased the risk weights for loans to NBFCs by 25 basis points. As a result, bank borrowing has turned more expensive for these entities.

​ India Infrastructure Finance Company Ltd (IIFCL) is planning to raise Rs 2,000 crore through its maiden green bonds in the next six months to fund sustainable projects.

As of now, IIFCL is 100% owned by the government. Jaishankar said that he expects the FY24 profit to cross Rs 1,500 crore.

Among the five lenders, REC has sanctioned the highest amount of Rs 1,245 crore, followed by India Infrastructure Finance Company (IIFCL) (`860 crore) and Exim Bank (Rs 455 crore), the people said. The other two members in the consortium are Central...

With demand for credit remaining strong, banks have been looking to tap the bond markets and raise funds to finance the loan growth. As on November 17, bank credit growth was at 20.6% YoY while deposit growth was at 13.6% over the same period, lates...

GMR will use ₹1,520 crore proceeds from the bonds to repay term loans, ₹227 crore for repayment of subordinated debt, ₹300 crore to repay sponsors' debt, ₹290 crore for capex of phase 2 of the airport construction, according to the bond documents av...

GMR is constructing another airport at Bhogapuram, Andhra Pradesh, at a cost of Rs 4,700–4,800 crore. Spread over 294 acres, the airport is expected to cater to 24 million passengers. In a corporate presentation earlier this month, the company said ...

GMR has secured a ₹4,000-crore loan from an infrastructure finance company to construct a new airport in Vizag. The airport will be GMR's fourth major airport in India and will be built in three phases, accommodating 6 million passengers in the firs...

India Infrastructure Finance Company Limited (IIFCL) has approved loans amounting to Rs 8,800 crore for the development of airports and civil aviation infrastructure in India. The IIFCL, which has already sanctioned loans of around Rs 4,000 crore, p...

India Infrastructure Finance Company Limited (IIFCL) plans to raise up to Rs17,000 crore through bond issuances in FY24. The state-run company will be raising the fund in tranches of Rs2,000-3,000 crore, said its managing director P R Jaishankar. To...

Bidding for the debt sale is likely to be held from 11:00 am to 12:15 pm IST on Monday, May 29, on the BSE bond platform, sources said. The bonds are rated AAA by ICRA and India Ratings.

The loan was mobilised from India Infrastructure Finance Co (IIFCL) last week, two people familiar with the matter told ET. PFS did not comment on the matter. IIFCL officials could not immediately be reached for comments. The loan was mobilised from...

Considering the gravity of risk involved in calculating the viability of road projects on the basis of evaluation and projections made by traffic consultants, the Committee felt an urgent need for a system of rating of the traffic consultants on rea...