Question
Which of the following is not a specified criteria to be
fulfilled by Infrastructure Finance Companies (IFC)?Solution
IFCs - infrastructure finance companies “Infrastructure Finance Company” means a non-deposit taking NBFC that fulfils the following criteria: (a) a minimum of 75 per cent of its total assets deployed in “infrastructure loans”; (b) Net owned funds of ₹300 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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