📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    What is the extent to which IIFCL provides refinance to

    eligible borrowing institutions?
    A up to 70% of the loans outstanding Correct Answer Incorrect Answer
    B up to 80% of the loans outstanding Correct Answer Incorrect Answer
    C up to 90% of the loans outstanding Correct Answer Incorrect Answer
    D up to 75% of the loans outstanding Correct Answer Incorrect Answer
    E up to 65% of the loans outstanding Correct Answer Incorrect Answer

    Solution

    Under the Refinance scheme, IIFCL will provide refinance to the banks and financial institutions in respect of their lending to infrastructure projects, and seek to augment flow of funds to NBFC-IFCs/NBFCs set up by the Government of India for financing infrastructure projects meeting specified criteria for refinance.   IIFCL shall provide refinance up to 80% of the loans outstanding to eligible borrowing institutions.

    Practice Next
    More Banking System in India Questions

    Relevant for Exams:

    ask-question