Govt to position IIFCL like China Development Bank2 min read . Updated: 02 Dec 2020, 03:21 PM IST
- The changes planned will convert the non-bank lender into a development finance institution that will lower its cost of finance and give access to a wider set of infrastructure projects which is expected to include premium housing
New Delhi: A new Bill to be tabled in the budget session of Parliament will seek to expand the financial muscle and scope of investment by state-owned Indian Infrastructure Finance Company Ltd (IIFCL), positioning it like the China Development Bank (CDB), the largest in class and a key institution backing Beijing’s growth strategy.
Select your Category