Discussion
What is the full form of "IIFCL"?
Answer: D
Correct answer: India Infrastructure Finance Company Limited
IIFCL was set up in 2006 as a wholly government-owned company to provide long-term finance for infrastructure projects.
It exists because commercial banks fund themselves largely with short deposits and cannot comfortably lend for twenty-year projects - the asset-liability mismatch that repeatedly strained bank balance sheets in the infrastructure cycle. IIFCL lends directly, refinances banks and provides credit enhancement to help project bonds reach investment grade so that bond investors can take on the tenor instead.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development