Iifcl

Measures taken by IIFCL to keep bad loans under check: Parliament panel

Appreciating the measures taken by IIFCL, a Parliamentary panel said initiative taken by the state-owned entity will keep bad loans under check and also help it in discharging its role as a pioneer lender in financing infrastructure projects. India Infrastructure Finance Company Limited (IIFCL) is a public sector financial institution established in January 2006 that is wholly-owned by the government of India. According to the Committee on Public Undertakings (COPU) submitted recently in Parliament, measures taken will go a long way in improving and strengthening the functioning of IIFCL. The company has put in place a Board approved Management Policy which lays out the Directives and Guidelines for time-bound resolution of NPA by taking proactive actions. The proactive actions are towards close monitoring, constant follow-up and evolving suitable modes for early resolution/ recovery of dues in line with the prescribed norm/guidelines of RBI and other applicable statutory/ regulato

Budget should make infra projects investor friendly: IIFCL MD PR Jaishankar

In an interview with Nikesh Singh, IIFCL managing director PR Jaishankar talks about the way ahead for the key infra financier

IIFCL extends Rs 6,630-cr loan for development of airports: MD Jaishankar

To support the massive growth in the aviation sector, the India Infrastructure Finance Company Limited (IIFCL) has extended a credit of Rs 6,630 crore for the development of six major airports in the country and looks forward to increasing its exposure in the coming years, said its managing director P R Jaishankar. Bullish on the growth of the aviation sector in the country, he said, the IIFCL also given in-principle approval of Rs 638 crore for the development of a greenfield airport in Andhra Pradesh. Over the past few years, India has seen massive growth in the airport sector, with increasing investments from both government and private sector, thanks to a rising proportion of middle-income households, infrastructure build-up at leading airports and supportive policy framework. "With an aim to finance development of world class airport infrastructure in India, IIFCL has, till date, sanctioned Rs 6,630 crore to six major airports in India in Delhi, Mumbai, Hyderabad, Navi Mumbai,

IIFCL has sanctioned Rs 8,244 crore loans to develop 20 ports, says MD

State-owned IIFCL has sanctioned Rs 8,244 crore loans to about 20 projects to help add 836 million tonnes per annum (MTPA) of ports capacity, which is one-fourth of India's total cargo volumes, a top company official said. India's total port capacity is about 2,600 MTPA. Of this, 12 major ports' cargo handling capacity stood at 1,598 MTPA as of March 2022. India Infrastructure Finance Company Ltd (IIFCL) has has been extending its financial support to many strategic port projects, including the Paradip Port, Essar Vizag port, Tuticorin, Krishnapatnam, Karaikal. "The latest is the Ramayapatnam port, which reinforces our belief in this very important sector and the potential it holds to improve connectivity, bring down logistics costs, and provide a boost to the economy," IIFCL Managing Director P R Jaishankar told PTI. With investment in three upcoming ports including Ramyapatnam and Bhavanapadu, he said, the capacity would touch 1,000 MTPA with these ports going on stream in a coup

IIFCL profit surges to 80% to Rs 514 cr in Q4 due to reduction in bad loans

With regard to asset quality, IIFCL has brought down gross non-performing assets (NPAs) to 9.22 per cent from 13.9 per cent a year ago.

IIFCL raises Rs 1,500 crore via debt to fund infrastructure projects

India Infrastructure Finance Company Ltd (IIFCL) on Thursday said it has raised Rs 6,000 crore in debt to provide impetus to government's infrastructure vision.

IIFCL raises Rs 1,500 cr via 10-yr bond at 7.17%, including green shoe

Sources say SBI Pension Fund and EPFO were key investors in the "AAA" rated paper

IIFCL invests in infra project bonds, issues NCDs worth Rs 325 cr

This marks IIFCL's first transaction under this initiative, the company said in a statement on Sunday. The NCDs are of a tenor of 10 years.

IIFCL aims for loan sanctions worth over Rs 23,000 crore in FY22

IIFCL is aiming at loan sanctions worth over Rs 23,000 crore and disbursements of Rs 14,000 crore in 2021-22 depending on the project pipeline available in the market.

IIFCL profit surges over three-fold to Rs 325 cr in FY21; NPA eases

The gross NPA of the company too declined to 13.9 per cent from 19.70 per cent in the previous financial year.

DFI goes back to the future: Will changes boost infra funding in India?

The Bill suggests that the government has learned from past mistake

A long jump for IIFCL as DFI tag to support financial needs, growth

Its planned incorporation into a larger development finance institution could present challenges for a company with a founding covenant that restricted its scale of operations

Old wine, new bottle

New DFI should not just be a bailout of the old

Govt funding on its own won't suffice for infra: P R Jaishankar, MD, IIFCL

In a Q&A, he asserts that 23-27% of the Rs 111 trillion required by the National Infrastructure Pipeline must come from banks and financial institutions

DFI likely to be set up with IIFCL's paid-up capital of Rs 10,000 crore

To have lower minimum capital adequacy ratio than NBFCs; IIFCL to clean up its Rs 4,500-crore bad loans

Top headlines: Jet to resume all services in 2021; DFI tag for IIFCL

From Jet Airways planning to resume all services in 2021 to FinMin proposing DFI tag for IIFCL, here are top headlines this morning

FinMin proposes DFI tag for IIFCL to support long term financial needs

IIFCL is a government-owned entity, which is registered as a non-deposit accepting loan company with the Reserve Bank of India.

FM Sitharaman insisted on my transfer from North Block, says S C Garg

Former finance secretary Garg had last year opted for voluntary retirement after being transferred to Power ministry

Govt infuses Rs 5,298 cr into IIFCL to boost infrastructure spending

This infusion has increased the paid-up equity share capital of IIFCL to Rs 9,999.92 crore against the authorized share capital of Rs 10,000 crore.

Govt okays Rs 5,300 cr capital infusion into IIFCL via recap bonds in FY20

Another Rs 10,000 crore will be infused in 2020-21