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.