• RBI has granted IFC status to Indian Renewable Energy Development Agency (IREDA).

About IFC

• IFC is a non-deposit accepting loan company which complies with the following :
  • A minimum of 75 per cent of the total assets of an IFC-NBFC should be deployed in infrastructure loans;
  • The company should have minimum net-worth of Rs 300 crore,
  • The CRAR of of the company should be at 15% with Tier I capital at 10% and
  • The minimum credit rating of the company should be at ‘A’ or equivalent of CRISIL, FITCH, CARE, ICRA, BRICKWORK or equivalent rating by any other accrediting rating agencies.