Key Points
State run non-banking financial company Housing and Urban Development Corporation (Hudco) will soon transform into an infrastructure finance company to source cheaper funds and bring down the cost of borrowing, senior officials said..
For a company to get an IFC status at least 75% of its assets should be deployed for infrastructure lending..
While an HFC must commit 60% of its assets to finance housing projects, an IFC can invest in a wide array of projects like energy transition and urbanisation..
"IFC status gives the ability to access a larger investor base, which in turn helps IFC entities to diversify their resource base, and therefore better optimise their borrowing," said Subha Sri Narayanan, Director, CRISIL Ratings...
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