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IFC News

14 Jul 2017

Yes Bank secures over $100-million from US to fund women-run units, SMEs

Opic acting president Dev Jagadesan said the tie-up is aimed at fostering economic growth in India by alleviating the financial challenges faced by SMEs.

21 Mar 2017

Probe finds IFC investment in Tata Power project breaching norms

World Bank's probe body CAO has raised concerns over IFC's insufficient action to address environmental norms violation by Tata Power arm Coastal Gujarat Power Ltd.

06 Apr 2016

PNB Housing raises Rs 500 cr for green residential projects

PNB Housing Finance has raised Rs 500 crore by issuing bonds to World Bank arm IFC for funding its green residential projects.

Finance Minister Arun Jaitley

05 Apr 2016

Govt to develop 25 regional airports, says Jaitley

To improve air connectivity, Union Minister Arun Jaitley today said the government plans to develop 25 regional airports.

11 Oct 2015

Arun Jaitley calls for reforms in World Bank at global meet

Finance Minister Arun Jaitley has made a strong case for raising shareholding of developing nations including India in the World Bank Group to reflect their share in the global economy and demanded a significant hike in the capital to meet growing financing needs.

23 Aug 2015

HDFC Bank says not interested to enter Ahmedabad IFC

Even as its peers make a beeline to open shop at the GIFT City, the country's second-largest lender HDFC Bank has said it is not keen to have a presence in the country's first international finance centre in Ahmedabad.

Competition Commission of India

02 Aug 2015

Competition Commission set for sweeping powers under IFC

The Competition Commission might wield sweeping authority during formulation of financial market norms, including powers to issue binding directions, if certain provisions in the Indian Financial Code become a reality.

02 Aug 2015

Clipping RBI chief's veto not an FSLRC proposal: Member

In a new twist, an FSLRC member has said the draft bill seeking to clip RBI chief's veto in deciding interest rates does not reflect the views of the panel and it actually favoured Governor having the last word.

24 Jul 2015

Govt proposes to dilute RBI chief's power; can't veto on policy rate

In a move that may dilute powers of RBI chief, the government Thursday proposed taking away his authority to veto the interest rate decision of the central bank's monetary policy committee.

26 Jun 2015

IFFCO, Rabo Equity, IFC may sell stake in NCML for Rs 1,000 cr

IFFCO, Rabo Equity and IFC are planning to sell their combined stake of nearly 70 per cent in agri-logistics firm NCML for an estimated Rs 1,000 crore.

17 Jun 2015

IFC invests $35 million in PFS' non-convertible debentures

IFC, a World Bank group member, Wednesday said it has invested USD 35 million in the 10-year non-convertible debentures of PTC India Financial Services(PFS).

International Finance Corporation

30 Apr 2015

World Bank arm to partner IREDA for energy projects

The International Finance Corporation (IFC), the private financing arm of the World Bank, has said it would partner the Indian Renewable Energy Development Agency (IREDA) to provide infrastructure financing for energy projects in India.

11 Feb 2015

Payment bank: Mahindra Finance in talks with IFC for JV

Tech Mahindra on Wednesday said its sister company Mahindra Finance will become equal shareholder if the Reserve Bank clears its payment bank licence, and the company is also in talks with the World Bank Group member IFC for a partnership in the foray.

International Finance Corp

23 Sep 2014

IFC in talks with India to sell $2 billion in offshore rupee bonds

The International Finance Corp (IFC), the World Bank`s private sector arm, is in talks with Indian regulators on selling another USD 2 billion in rupee-denominated bonds overseas, signalling strong foreign interest in gaining exposure to the country.

20 Aug 2014

IFC launches $2.5 billion rupee-denominated bonds for infra projects in India

The World Bank`s private-sector financing arm on Wednesday launched USD 2.5 billion, rupee-denominated, bonds in the Indian market to fund infrastructure projects, after raising USD 1 billion in offshore bonds for the sector last year.

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