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RBI revises asset classification norms for infra firms

Last Updated: Thursday, June 26, 2014, 20:37

The Reserve Bank Thursday allowed banks to treat loans as 'standard' even when date of commencement of project is delayed by two years, a move that would provide easier fund access to infrastructure firms.

Banking licence to IDFC may affect infrastructure sector: SBI

Last Updated: Saturday, April 05, 2014, 21:51

The State Bank of India (SBI) on Saturday welcomed competition in the banking sector but apprehended that IDFC's entry into banking may impact the infrastructure sector.

GDP grows 4.7% in Oct-Dec; core sector slows to 1.6% in Jan

Last Updated: Saturday, March 01, 2014, 09:18

Worried over 1.9 percent contraction in the output of the manufacturing sector, India Inc stepped up its demand for a rate cut by the Reserve Bank of India (RBI) to boost demand and spur growth.

New govt will need to focus on infra investment: Parekh

Last Updated: Thursday, February 27, 2014, 17:38

Expressing concern over decline in infrastructure investment, HDFC Chairman Deepak Parekh Thursday said infrastructure investment has derailed in the past two years and revitalising investment in the sector will be a big task for the new government.

G20 businesses explore $57 trn infra funding opportunity

Last Updated: Thursday, February 20, 2014, 16:42

A group of businessmen from G20 nations have decided to explore funding opportunities in infrastructure in different countries, including India, that require a whopping USD 57 trillion through 2030.

GMR sells 74% stake in a highway project to IIF

Last Updated: Tuesday, February 18, 2014, 20:25

GMR Group on Tuesday said it has sold its 74 percent stake in a 73-km long highway project to India Infrastructure Fund (IIF).

Outlook negative for infra sector for 2014-15: India Ratings

Last Updated: Thursday, February 13, 2014, 16:14

India Ratings, a Fitch group company, has kept the outlook negative for India's infrastructure sector for the coming fiscal, 2014-15, due to weak credit profiles for most project companies.

Infrastructure gets huge face-lift in last nine years: UPA

Last Updated: Friday, January 03, 2014, 12:16

The infrastructure sector received a huge face-lift in the last nine years with improvement in road and railway networks, power generation and teledensity, among others, says the UPA government's report card.

Banks, infra need Rs 10.4 lakh cr bond funding in 5 yrs: Crisil

Last Updated: Thursday, November 28, 2013, 18:39

Banks and infrastructure sectors will require Rs 10.4 trillion (or Rs 10.4 lakh crore) from the bond market over the next 5 years, Crisil said in a report.

Fin Min for relaxation of norms for loans to infra sector

Last Updated: Sunday, November 24, 2013, 16:28

The Finance Ministry has favoured relaxation of lending rules for infrastructure projects so as to expedite them.

SBI chief seeks new financial products to fund infra sector

Last Updated: Sunday, November 24, 2013, 15:53

With lenders experiencing stress on their infra loan books, the head of country's largest bank SBI has called for a need to introduce new products to finance the long-gestation projects, including refinancing the loans every five years.

Infra cos pay over $1 bn in finance, interest costs in H1

Last Updated: Sunday, November 24, 2013, 13:44

India's major 10 infrastructure companies have together paid out more than USD 1 billion towards finance and interest costs during the first half of fiscal, resulting in huge dents in margins in some cases.