Question
Which of the following is not a specified criteria to be
fulfilled by Infrastructure Finance Companies (IFC)?Solution
IFCs - infrastructure finance companies âInfrastructure Finance Companyâ means a non-deposit taking NBFC that fulfils the following criteria: (a) a minimum of 75 per cent of its total assets deployed in âinfrastructure loansâ; (b) Net owned funds of âš300 crore or above; (c) minimum credit rating of 'A' issued by any of the SEBI-registered Credit Rating Agencies; (d) CRAR of 15 per cent (with a minimum Tier I capital of 10 per cent). It is important to note that there is no specified minimum number of branches that an Infrastructure Finance Company (IFC) needs to operate. The Reserve Bank of India (RBI), which regulates the functioning of IFCs, does not have any such requirement.
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VBRNLY
How can âNot ever forgottenâ be written as in the above code language?
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