trending Market Intelligence /marketintelligence/en/news-insights/trending/Wzd8Cf6YUZHyVbeBCGMtqQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Indian government to inject 153B rupees into Infrastructure Finance

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Indian government to inject 153B rupees into Infrastructure Finance

India's government plans to inject 53 billion rupees and 100 billion rupees into India Infrastructure Finance Co. Ltd. in fiscal 2019-2020 and 2020-2021, respectively.

The proposal was approved by the country's cabinet. The government will inject the capital through regular budgetary support and/or issuance of recapitalization bonds. The department of economic affairs will decide on the timing, terms and conditions of the capital, according to a Dec. 11 statement.

The cabinet also approved for increasing the authorized capital of India Infrastructure Finance to 250 billion rupees from 60 billion rupees. The move would boost the company's ability to finance big infrastructure projects in line with the government's target to invest 10 trillion rupees in infrastructure sector over the next five years.

As of Dec. 11, US$1 was equivalent to 70.76 Indian rupees.