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Tuesday, March 29, 2011

SREI Infrastructure gets IFC status from RBI


SREI Infrastructure Finance has been classified by the Reserve Bank of India (RBI) as Infrastructure Finance Company (IFC) within the overall classification of Non Banking Finance Company (NBFC).
IFC status provides more flexibility in terms of accessing debt and providing loans to the infrastructure sector compared to other lending agencies. An IFC can provide loans to any single borrower more than 10% of its owned fund while banks cannot.
At present, the company’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e -Village. It has a pan-India presence with a network of 73 offices and has also replicated its business model overseas with three offices in Russia.

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