RBI Revises Guidelines for Infrastructure Debt Funds (IDF-NBFCs)
On 18th August, 2023, the Reserve Bank of India (RBI) introduced new requirements for Infrastructure Debt Fund-NBFCs (IDF-NBFCs).
An IDF is set up either as a trust or as a company. A trust based IDF is registered as an IDF-Mutual Fund (IDF-MF) and is regulated by the Securities and Exchange Board of India (SEBI) whereas a company based IDF is registered as an IDF- Non-Banking Financial Company (IDF-NBFC) and is regulated by the Reserve Bank of India (RBI).
- The revised definition of an IDF-NBFC specifies that it is a non-deposit-taking NBFC authorized to refinance infrastructure projects that have completed at least ....
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