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RBI sops for infra debt...

MUMBAI: In a boost to core...

RBI sops for infra debt funds to diversify core sector lending

MUMBAI: In a boost to core sector financing through infrastructure debt funds (IDFs), the Reserve Bank of India has relaxed several norms for NBFC-IDFs, levelling the playing field with other lenders.IDFs are specialised investment vehicles channelling long-term domestic and international funds for financing projects. IDFs can be set up as NBFCs or mutual funds, allowing investors to pool their funds in a diversified portfolio of infrastructure projects.The new rules for IDFs say that there is no need for a sponsor for IDFs anymore. Also IDFs can now directly...

RBI sops for...

MUMBAI: In a boost to core sector financing through infrastructure debt funds (IDFs), the Reserve Bank of India has relaxed several norms for...