With reference to “Can WLTF fill the void?” (July 14), the Wholesale and Long-Term Finance bank aims at funding long-term projects, especially in the infrastructure and manufacturing sectors. The authors’ conjecture on the success of WLTF bank mainly draws upon the issues of fund raising or capital acquisition and the nature and profile of promoter groups.
Two major issues can arise that could challenge WLTF banks’ existence. First, resource acquisition or fund-raising and nuances of credit rating for the debt instrument receive attention. Eligible promoters of WLTF banks should have a required net worth and maintain a minimum capital of Rs
