Indian Railway Finance Corporation

Indian Railway Finance Corporation
Native name
 भारतीय रेल वित्त निगम
Public
Industry Financial services
Founded 1987
Headquarters Mumbai, India
Products Bonds
Owner Government of India
Parent Indian Railways

Indian Railway Finance Corporation (भारतीय रेल वित्त निगम) known as IRFC is a finance arm of the Indian Railway.[1] It raises financial resources for expansion and running through capital markets and other borrowings.[2]

History

IRFC started borrowing from the market in 1987-88.

The Company

IRFC raises money through financial bonds and from banks and financial institutions.[3]

References

  1. ↑ "IRFC, HUDCO tax free bonds closing date entended, should you invest?". Economic Times.
  2. ↑ "IRFC, Rural Electrification Corp, IIFC eye Rs 12,000 crore through tax-free bonds". Economic Times.
  3. ↑ Select institutions can raise Rs 50,000 cr tax-free bonds

External links

This article is issued from Wikipedia - version of the 12/4/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.