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IFCI trims its Benchmark Rate by 20 bps to 12% per annum

28 Jul 2015 Evaluate

IFCI has reduced its Benchmark Rate, IFCI Benchmark Rate (IBR) by 20 basis points (bps) from 12.20% per annum to 12.00% per annum with monthly rests. This new IBR shall be applicable with effect from July 27, 2015.

IFCI was established with intent to provide long-term finance needs of the industrial sector. It founded and developed various institutions namely ICRA for credit assessment rating, Tourism Finance Corporation of India (TFCI) for promotion of the hospitality industry, among others.


Peers
Company Name CMP
Power Finance Corpn. 346.70
REC 312.00
NHIT 171.00
Satin Creditcare Net 224.95
IFCI 79.41
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