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IFCI reduces Benchmark Rate to 9.30% per annum

10 Aug 2016 Evaluate

IFCI has reduced its Benchmark Rate 'IFCI Benchmark Rate up to One Year (IBR-ST)' from 9.40% per annum to 9.30% per annum with monthly rests. This new IBR-ST will be applicable with effect from August 11, 2016.

IFCI is a non-banking financial company. It offers financial products in the segments such as debt and equity; corporate advisory services, infrastructure advisory services and monitoring of public issues; debenture trustee, the nodal agency for sugar development fund, credit guarantee scheme for scheduled caste and sale and resolution of non-performing asset (NPAs) services. The firm caters to the requirements of power, airport, urban infrastructure projects, ports and manufacturing industries.

Peers
Company Name CMP
Power Finance Corpn. 345.00
REC 310.95
NHIT 168.00
Satin Creditcare Net 227.95
IFCI 69.18
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