IDFC gets RBI nod for using Rs 2,500 crore reserve as provision

Infrastructure finance firm IDFC on Saturday said it has got regulatory approval to utilise Rs 2,500 crore non-distributable reserves for provisions against bad loans as part of exercise to clean its book before venturing into universal banking.

Allow IFCs to buy projects turning into NPAs: Assocham

Allow IFCs to buy projects turning into NPAs: Assocham

Government should allow infrastructure finance companies to buy projects that turn into non-performing assets, industry body Assocham said on Tuesday.

RBI restricts DFL Infra Fin from biz on misrepresenting A/cs

The Reserve Bank has restricted DFL Infrastructure Finance to conduct business activities without its prior permission as the company was found to be concealing and misrepresenting its financial position.

Govt allows 13 cos to raise Rs 48,000 cr via tax-free bonds

The government has allowed 13 institutions, including NTPC, NHB and HUDCO, to raise Rs 48,000 crore through issue of tax free bonds to boost long term infrastructure finance.

IDFC Q3 net up 21% at Rs 468.67 cr

Infrastructure finance company IDFC Friday posted 21 percent rise in net profit at Rs 468.67 crore for the third quarter ended December 31, 2012.