Govt launches $2 bln infra debt fund

NEW DELHI Mon Mar 5, 2012 5:24pm IST

Related Topics

Stocks

   

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Coal Block Allocation

Coal Block Allocation

Government urges Supreme Court to not cancel some 'illegal' coal mines  Full Article 

Modi in Japan

Modi in Japan

Japan and India agree to boost strategic ties at summit  Full Article 

Basel III Norms

Basel III Norms

RBI amends Basel III guidelines for banks  Full Article 

HSBC PMI

HSBC PMI

Factory activity expands at slower clip in August.  Full Article 

Current Account

Current Account

Balance of payments surplus for third straight quarter  Full Article 

India Infrastructure

India Infrastructure

RBI rule handicaps India's infrastructure hopes  Full Article 

Book Talk

Book Talk

Reema Abbasi and a glimpse of Pakistan’s Hindu past  Full Article 

China Economy

China Economy

Retreat in China's PMIs heightens calls for policy easing.  Full Article 

Managing Share Sales

Managing Share Sales

Govt seeks bids from banks to manage PFC, REC share sales   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage