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| ADB to provide up to $700 mn loan for infra projects | 17-NOV-09 |
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| Multilateral lending agency Asian Development Bank today said it will provide up to $700 million (around Rs 3,360 crore) loan to India for accelerating infrastructure projects through public-private partnership initiatives. |
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| IIFCL plans $500-mn bond issue | 11-NOV-09 |
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| Indian Infrastructure Finance Corporation (IIFCL), the New Delhi-based infrastructure financing institution, plans to raise over $500 million (about Rs 2,400 crore) through medium-term notes (MTN) to fund projects in such sectors as power, road, ports and airports. “We are planning to set up an MTN programme. |
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| India's Financial Sector in Current Times | 26-OCT-09 |
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| I am greatly honoured by the invitation to deliver S. Guhan Memorial Lecture. I am grateful to the organisers namely, Citizen Consumer and Civic Action Group, for extending the invitation. Mr. Guhan’s reputation as a distinguished scholar, as a thorough gentleman, as an outstanding civil servant, as a respected authority in applied economics and above all as one committed to highest values in life, are well known. |
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| World Bank approves $4.3-bn loan to India | 24-SEP-09 |
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| The World Bank today approved four loans worth $4.3 billion (about Rs 20,631 crore) to help India finance its infrastructure programmes and further strengthen the capital base of state-run banks. The approved loan includes a a budgetary support of $2 billion for capital infusion in select public sector banks to help them maintain credit growth. |
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| FM assures continued support to banks | 13-SEP-09 |
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| While appreciating the role of public sector banks (PSBs) in protecting the economy against the global economic turmoil, Finance Minister Pranab Mukherjee today assured them that the government would continue to support them. |
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| $2-bn World Bank fund for public sector banks soon | 25-AUG-09 |
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| The World Bank (WB) is set to clear funding of $3.2 billion (over Rs 15,500 crore) for capital infusion into public sector banks ($2 billion or Rs 9,700 crore) and India Infrastructure Finance Company (IIFCL) next month. |
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| IIFCL to raise $500 mn through UK subsidiary | 14-AUG-09 |
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| State-owned infrastructure funding company IIFCL is planning to raise US$500 million (Rs 2,500 crore) through its UK-based subsidiary for financing import of capital goods for infrastructure development. |
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| US ExIm Bank commits $2.45 bn for infra projects | 11-AUG-09 |
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| The Export-Import Bank of the US has approved nine Indian financial institutions and made a commitment of $2.45 billion under its India Infrastructure Facility for lending to the country’s infrastructure projects and capital goods purchases. |
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| Govt forms standing committee on infra financing | 04-AUG-09 |
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| The government has set up a standing committee on infrastructure finance, which will be headed by Finance Secretary Ashok Chawla, according to a government official. The committee will comprise 11 members, including Planning Commission secretary, RBI deputy governor, Irda chairman, and IIFCL chairman. |
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| IIFCL meets today to decide on Rs 10k cr unused fund | 14-JUL-09 |
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| The board of India Infrastructure Finance Company Ltd (IIFCL) is meeting tomorrow to look at ways to create demand for the Rs 10,000 crore that it had raised earlier this year to refinance highways and port projects. The New Delhi-based financial institution has not received a single proposal for the fund. |
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| Banks can avail Rs 10,000 cr in next 6-7 months: IIFCL | 07-JUL-09 |
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| India Infrastructure Finance Company (IIFCL), which raised Rs 10,000 crore in the last fiscal for refinancing banks for infrastructure lending, today said the banks may avail of this facility in the next seven months. |
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| Loaded govt arm to pump up infra | 07-JUL-09 |
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| The government today positioned India Infrastructure Finance Company Ltd (IIFCL) as the focal point for lending to the core sector by providing it additional capital and announcing that it would try new models to fund projects. |
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| Pragmatic outlook | 07-JUL-09 |
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| The Union Budget for the current fiscal year is a pragmatic and honest budget. The increased allocation to physical infrastructure is a step in the right direction. The government has also incentivised the banking system to lend more to the infrastructure sector by providing 60 per cent refinancing of commercial bank loans through IIFCL over the next one and a half years. The Budget also aims to administer some stimulus by shoring up private consumption. |
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