What is the minimum net owned funds (NOF) mandatory for a Infrastructure Finance Company (IFC) in India?
What is the minimum net owned funds (NOF) mandatory for a Infrastructure Finance Company (IFC) in India?
[A]Rs. 200 Crore
[B]Rs. 300 Crore
[C]Rs. 500 Crore
[D]Rs. 100 Crore
Rs. 300 Crore
A company which has net owned funds of at least Rs. 300 Crore and has deployed 75% of its total assets in Infrastructure loans is called IFC provided it has credit rating of A or above and has a CRAR of 15%.