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IFCI revises short term benchmark rate to 8.60% p.a.

22 Dec 2016 Evaluate

IFCI has revised its Short term Benchmark Rate (IBR-ST) from 8.50% per annum to 8.60% per annum with monthly rests for lending for tenure up to 3 months only with effective from December 22, 2016.

Earlier, in October, the company had reduced its Short term Benchmark Rate (IBR-ST) from 9.30% per annum to 8.50% per annum with monthly rests for lending for tenure up to 3 months only with the effect from October 17, 2016.

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. 345.00
REC 310.95
NHIT 168.00
Satin Creditcare Net 227.95
IFCI 69.18
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