Indian Railway Finance Corporation
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][3]
History
IRFC started borrowing from the market in 1987-88.
The Company
IRFC raises money through financial bonds and from banks and financial institutions.[4]
References
- ↑ http://articles.economictimes.indiatimes.com/2013-01-31/news/36658972_1_irfc-bonds-tax-free-bonds-tenure-bonds
- ↑ http://articles.economictimes.indiatimes.com/2013-02-24/news/37270173_1_tax-free-bonds-irfc-iifcl
- ↑ http://articles.economictimes.indiatimes.com/2013-02-24/news/37270173_1_tax-free-bonds-irfc-iifcl
- ↑ http://www.thehindubusinessline.com/industry-and-economy/banking/select-institutions-can-raise-rs-50000-cr-taxfree-bonds/article4462972.ece?homepage=true&ref=wl_home