Discussion
IDF is an investment vehicle which can be sponsored by commercial banks . What does I stands for in IDF?
Answer: B
Correct answer: Infrastructure
An Infrastructure Debt Fund is a vehicle for channelling long-term debt into infrastructure projects, sponsored by banks and non-bank financial companies.
It exists because banks fund themselves with short deposits and cannot comfortably hold twenty-year project loans. An IDF refinances completed projects that are past construction risk, freeing bank capital for new lending and giving insurers and pension funds an instrument matched to their own long liabilities. It may be constituted either as a SEBI-registered mutual fund or as an RBI-registered NBFC.
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