{"id":230924,"date":"2023-03-14T19:59:48","date_gmt":"2023-03-14T14:29:48","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=230924"},"modified":"2023-03-14T19:59:48","modified_gmt":"2023-03-14T14:29:48","slug":"ireda-gets-infrastructure-finance-company-status-from-rbi","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/ireda-gets-infrastructure-finance-company-status-from-rbi\/","title":{"rendered":"IREDA gets \u2018Infrastructure Finance Company\u2019 status from RBI"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article <\/span><b>\u201c<\/b><b>IREDA gets \u2018Infrastructure Finance Company\u2019 status from RBI<\/b><b>\u201d <\/b><span style=\"font-weight: 400;\">published in<\/span><b> PIB <\/b>on <b>14th March 2023<\/b><\/p>\n<h2><b>What is the News?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Reserve Bank of India(RBI) has granted an \u2018Infrastructure Finance Company (IFC)\u2019 status to Indian Renewable Energy Development Agency(IREDA).It was earlier classified as \u2018Investment and Credit Company (ICC)\u2019.<\/span><\/p>\n<h2><b>What is an Infrastructure Finance Company(IFC)?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">IFC is a non-deposit accepting loan company which complies with the following:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 A minimum of 75% of the total assets of an IFC-NBFC should be deployed in infrastructure loans;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 The company should have a minimum net worth of Rs 300 crore,<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 The CRAR of the company should be at 15% with Tier I capital at 10% and<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 The minimum credit rating of the company should be at &#8216;A&#8217; or equivalent of CRISIL, FITCH, CARE, ICRA, BRICKWORK or equivalent rating by any other accrediting rating agencies.<\/span><\/p>\n<h2><b>What is the Indian Renewable Energy Development Agency(IREDA)?<\/b><\/h2>\n<p><a href=\"https:\/\/forumias.com\/blog\/ireda-bags-green-urja-award\/\"><b>Click Here to read<\/b><\/a><\/p>\n<h2><b>How will the IFC status help IREDA? <\/b><\/h2>\n<p><span style=\"font-weight: 400;\">With the IFC status:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">-IREDA will be able to take higher exposure in Renewable Energy(RE) financing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">-It will also help the company to access a wider investor base for fund mobilization, resulting in competitive rates for fundraising.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">-It will also increase the investors\u2019 confidence, enhance the brand value and generate a positive outlook in the market.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cIREDA gets \u2018Infrastructure Finance Company\u2019 status from RBI\u201d published in PIB on 14th March 2023 What is the News? The Reserve Bank of India(RBI) has granted an \u2018Infrastructure Finance Company (IFC)\u2019 status to Indian Renewable Energy Development Agency(IREDA).It was earlier classified as \u2018Investment and Credit Company (ICC)\u2019.&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/ireda-gets-infrastructure-finance-company-status-from-rbi\/\">Continue reading <span class=\"screen-reader-text\">IREDA gets \u2018Infrastructure Finance Company\u2019 status from RBI<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[3590],"class_list":["post-230924","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-pib","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/230924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=230924"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/230924\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=230924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=230924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=230924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}