IREDA gets ‘Infrastructure Finance Company’ Status

On 13th March, 2023, the Reserve Bank of India (RBI) granted an ‘Infrastructure Finance Company (IFC)’ status to Indian Renewable Energy Development Agency (IREDA).

  • It was earlier classified as ‘Investment and Credit Company (ICC)’.

About Infrastructure Finance Company (IFC)

  • IFC is a non-deposit accepting loan company which complies with the following:
    • A minimum of 75% of the total assets of an IFC-NBFC should be deployed in infrastructure loans;
    • The company should have a minimum net worth of Rs. 300 crores;
    • The Capital-to-risk weighted assets ratio (CRAR) of the company should be at 15% with Tier I capital at 10% and
    • The minimum credit rating of ....
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