BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
India Infrastructure Finance Company Ltd (IIFCL) is a wholly-owned____company set up in 2006.
A
NABARD
B
SEBI
C
RBI
D
Government of India
Explanation: 

Detailed explanation-1: -Mr. Padmanabhan Raja Jaishankar brings with him a rich experience of over 35 years in Development Banking and Financial domains, handling Top Management and Board Level roles in the Infrastructure, Mortgage Finance and Capital Markets sectors.

Detailed explanation-2: -Infrastructure Finance Company (IFC): IFC is a non-banking finance company a) which deploys at least 75 per cent of its total assets in infrastructure loans, b) has a minimum Net Owned Funds of ₹ 300 crore, c) has a minimum credit rating of ‘A ‘or equivalent d) and a CRAR of 15%.

Detailed explanation-3: -IIFCL provides long-term finance to viable infrastructure projects in broad sectors of transportation, energy, water, sanitation, communication, social and commercial infrastructure.

There is 1 question to complete.