Key Points
In what would increase infrastructure financing, the Reserve Bank of India has relaxed regulations of Infrastructure Debt Funds (IDF) to enable them greater access to funds...
Also, the central bank has allowed IDFs to finance Toll Operate Transfer projects (ToT) as direct lenders, access to External Commercial Borrowings (ECBs) and allowed making tripartite agreements optional for PPP projects...
"To enable the IDFs to play a greater role in financing of the infrastructure sector and to move towards the regulatory objective of harmonisation of regulations applicable to various categories of NBFCs, a review of the extant regulatory framework for IDFs has been undertaken in consultation with the Government of India," RBI Governor Shaktikanta Das said while announcing the bi-monthly monetary policy...
It will enable Infrastructure Debt Funds to play a greater role in the financing of the infrastructure sector and will also provide them with better access to funds through External Commercial Borrowings, said Utsav Johri partner JSA...
You might be interested in
RBI sops for infra debt funds to diversify core sector lending
11, Aug, 23India Business News: MUMBAI: In a boost to core sector financing through infrastructure debt funds (IDFs), the Reserve Bank of India has relaxed several norms for NBFC-IDF.
Indias G20 presidency received strong support for all our priorities: FM
26, Feb, 23Finance Minister also said that she is grateful for the USA and UK who were very supportive of the global coordination framework particularly on the crypto
View: What India needs to sustain its infrastructure development momentum
24, Dec, 23Compared to FY2019, four sectors - roads and highways, power transmission, RE, and ports - have a score of greater than 70% in Crisil's InfraInvex index in FY2023, while RE, railways and power have logged improvement of over 15% (compared to 2019), driven by reforms and improvement in financial metrics. The next phase of infra development will be shaped by growth in the average ticket size of projects and a significant number of mega-scale projects.
RBI allows infra debt funds to raise money via foreign loan route
18, Aug, 23The central bank reviewed and has revised the guidelines to harmonise the regulations governing financing of the infrastructure sector, it said in a circular.
India becomes Asian Infrastructure Investment Bank's top market for funding infrastructure projects
25, Oct, 23India Business News: India has become the largest market for the Asian Infrastructure Investment Bank (AIIB) due to the significant amount of infrastructure development ta
Finance Minister flags problems over AIIB-funded border projects
17, Jul, 23Union Finance Minister Nirmala Sitharaman on Sunday took up problems linked to China-led Asian Infrastructure Investment Bank (AIIB) approving projects in India’s border regions.