Indian Railway Finance Corporation
From Infogalactic: the planetary knowledge core
|
Native name
|
भारतीय रेल वित्त निगम |
|---|---|
| Public | |
| Industry | Financial services |
| Founded | 1987 |
| Headquarters | Mumbai, India |
| Products | Bonds |
| Owner | Government of India |
| Parent | Indian Railways |
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]
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]
References
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- ↑ Select institutions can raise Rs 50,000 cr tax-free bonds
