Indian Railway Finance Corporation
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]
Native name | भारतीय रेल वित्त निगम |
|---|---|
| Public | |
| Industry | Financial services |
| Founded | 1987 |
| Headquarters | New Delhi, India |
| Products | Bonds |
| Owner | Government of India |
| Parent | Indian Railways |
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.[3][4]
References
- "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
External links
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