Is IFCI a Government company?
IFCI Ltd (IFCI) was set up as a Statutory Corporation (“The Industrial Finance Corporation of India”) in 1948 for providing medium and long term finance to industry. Currently, IFCI is a Government Company with Government of India holding 61.02% of paid-up capital of IFCI.
What is IFCI function?
Functions of the IFCI First, the main function of the IFCI is to provide medium and long-term loans and advances to industrial and manufacturing concerns.
What is IFCI and when its established?
July 1, 1948
IFCI Ltd/Founded
Which types of credit is provided by IFCI?
IFCI offers financial solutions in areas of corporate finance through Balance Sheet Funding, Loan Against Shares, Lease Rental Discounting, Promoter Funding, Long Term Working Capital requirements, Capital Expenditure and regular Maintenance Capex.
What are the main resources of the IFCI?
IFCI has also accumulated sizeable reserves. Besides paid up capital and reserves, the other major sources of financial resources of IFCI are issue of bonds and debentures, borrowings, from the IDBI, the government and foreign loans.
What is the main objective of IFCI?
The main objective of IFCI is to provide medium and long-term financial assistance to large-scale industrial undertakings, particularly in those circumstances in which banking accommodation is inappropriate or a resource to the capital market is impracticable i.e. finance could not be raised by the concerned issue of …
What is the management of IFCI?
PREMARKET
| Management | |
|---|---|
| Shakti Kumar | General Manager |
| Suneet Shukla | General Manager & Chief Risk Officer |
| Sunil Kumar Bansal | Deputy Managing Director |
| V Anish Babu | General Manager |
Will IFCI share price increase?
IFCI is trading in the lower range of the quarterly prices. The NSE share IFCI Ifci appears to be moving upwards constantly….Ifci IFCI share price targets.
| Upside intraday target | 11.39 |
|---|---|
| Upside short term target | 12.42 |
| Upside mid term target | 12.35 |
| Downside long term target | 11.26 |
Is IDBI full form?
Industrial Development Bank of India Limited Industrial Development Bank of India (IDBI) was constituted under the Industrial Development Bank of India Act, 1964 as a Development Financial Institution (DFI) and came into being on July 01, 1964, vide GoI notification dated June 22, 1964.
When was IFCI established?
Who is the current CEO of IFCI Ltd?
IFCI LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/06/2021 ,inter alia, to consider and approve Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2021 Appointment of Shri Manoj Mittal as Managing Director & CEO of IFCI Ltd.
What is bulk deal in IFCI stock price?
*A bulk deal is a trade where total quantity of shares bought or sold is more than 0.5% of the equity shares of a company listed on the exchange. IFCI Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2021. For more details, kindly
What are the business activities of IFCI Ltd?
IFCI has seven subsidiaries and one associate. It provides financial support for the diversified growth of Industries across the spectrum. The financing activities cover various kinds of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries.
How many IFCI subsidiaries are there in the UK?
Established in 1948 as a statutory corporation, IFCI is currently a company listed on BSE and NSE. IFCI has seven subsidiaries and one associate. It provides financial support for the diversified growth of Industries across the spectrum.