Govt launches $2 bln infra debt fund
NEW DELHI (Reuters) - The government has launched a $2 billion infra debt fund, with private lender ICICI Bank(ICBK.NS) owning the most, Gajendra Haldea, an infrastructure adviser in Planning Commission, said on Monday.
The long-term debt fund will be set up jointly by ICICI Bank, Bank of Baroda(BOB.NS), Citi and Life Insurance Corporation of India (LIC), Haldea added.
ICICI Bank will own 31 percent, while Bank of Baroda will hold 30 percent, Citi 29 percent and LIC 10 percent.
(Reporting by Manoj Kumar and Arup Roychoudhury; editing by Malini Menon)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Japan and India vow to boost defence ties during summit
- Government urges court to leave some coal blocks with companies
- Ukraine accuses Russia of "undisguised aggression" as rebels advance
- Balance of payments rises on robust dollar inflows
The Nifty surged past the psychologically important 8,000 level for the first time on Monday as blue-chips such as ICICI Bank gained after better-than-expected quarterly economic growth data. Full Article
Government urges Supreme Court to not cancel some 'illegal' coal mines Full Article