Indian Railway Finance Corporation
Indian Railway Finance Corporation known as IRFC is a finance arm of the Indian Railway.[3] It raises financial resources for expansion and running through capital markets and other borrowings.[4]
Public Sector Undertaking | |
Industry | Financial services |
Founded | 12 December 1986 |
Headquarters | New Delhi, India |
Key people | Amitabh Banerjee (Chairman & MD) |
Services | Leasing Lending borrowing |
Revenue | |
Total assets | |
Total equity | |
Owner | Government of India |
Number of employees | 24 (March 2019) |
Parent | Indian Railways |
Website | irfc.nic.in |
IRFCL apply for IPO to SEBI
History
IRFC started borrowing from the market in 1987-88.
The Company
IRFC raises money through financial bonds and from banks and financial institutions.[5][6]
References
- "P/L Account 31.03.2020".
- "Balance Sheet 31.03.2019".
- "IRFC, HUDCO tax free bonds closing date entended, should you invest?". Economic Times.
- "IRFC, Rural Electrification Corp, IIFC eye Rs 12,000 crore through tax-free bonds". Economic Times.
- "Select institutions can raise Rs 50,000 cr tax-free bonds". The Hindu Business Line. 28 February 2013. Retrieved 7 July 2018.
- Life Insurance Corporation will invest up to Rs 26,000 crore in IRFC
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