Tuesday, July 15, 2014

On Way to Becoming a Bank, IDFC may Gain from Easier Infra Lending Norms

............Given the company’s transition to becoming a bank, the loan book was earlier expected to decline to meet the regulatory requirement of CRR, SLR and priority sector lending. But with the recent move, the company may be able to continue its infra lending during the transition and after. In the latest Budget, the finance minister proposed to reduce regulatory requirements of long-term funds raised for lending to long-term infrastructure projects. Currently, ..........

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