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A long jump for IIFCL as DFI tag to support financial needs, growth


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Will transfer Rs 2.2 lakh crore NPAs to 'bad bank': Financial services secretary


Will transfer Rs 2.2 lakh crore NPAs to ‘bad bank’: Financial services secretary
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Financial services secretary Debasish Panda is responsible for implementing some of the key measures – from privatising two banks and a general insurer to setting up a development financial institution and faster payment of depositors stuck in ailing banks.
Financial services secretary Debasish Panda (File photo)
(This story originally appeared in
on Feb 04, 2021)NEW DELHI: Financial services secretary Debasish Panda is responsible for implementing some of the key measures – from privatising two banks and a general insurer to setting up a development financial institution and faster payment of depositors stuck in ailing banks. ....

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IIFCL may be subsumed into new DFI: DFS Secretary


IIFCL may be subsumed into new DFI: DFS Secretary
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Last Updated: Feb 03, 2021, 07:47 AM IST
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Department of Financial Services secretary Debashish Panda said the proposed DFI would come under the regulatory supervision of the Reserve Bank of India and gradually the government’s stake in the company would be brought down to 26%.
About 7,000 projects have been identified under the NIP with projected investment of a whopping Rs 111 lakh crore during 2020-25.
NEW DELHI: India
Infrastructure Finance Company Ltd (IIFCL) may be subsumed into the proposed development finance institution (DFI) being set up to accelerate infrastructure financing and the private sector will also be able to float such entities, Department of Financial Services secretary Debashish Panda said. ....

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