Question

    The Reserve Bank of India (RBI) has granted an

    ‘Infrastructure Finance Company (IFC)’ status to which renewable energy company?
    A Solar Energy Corporation of India (SECI) Correct Answer Incorrect Answer
    B The Indian Renewable Energy Development Agency (IREDA) Correct Answer Incorrect Answer
    C National Institute of Wind Energy (NIWE) Correct Answer Incorrect Answer
    D National Institute of Solar Energy (NISE) Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) has granted an ‘Infrastructure Finance Company (IFC)’ status to Indian Renewable Energy Development Agency (IREDA). It was earlier classified as ‘Investment and Credit Company (ICC)’.With the IFC status, IREDA will be able to take higher exposure in Renewable Energy financing. The IFC status will also help the company to access wider investor base for fund mobilisation, resulting in competitive rates for fundraising.

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