<\/span><\/h4>\n\n\n\nIFC is a kind of NBFC which-<\/strong><\/p>\n\n\n\n- Deploys a minimum of 75% of its total assets in infrastructure loans,<\/li>
- Possesses a minimum Net Owned Funds of Rs. 300 Crores,<\/li>
- Holds a minimum credit rating of \u2018A \u2018or equivalent, and<\/li>
- A 15% CRAR (Capital to Risk-Weighted Assets Ratio).<\/li><\/ul>\n\n\n\n
<\/span>5. Systemically Important Core Investment Company (CIC-ND-SI):<\/strong><\/span><\/h4>\n\n\n\nIt’s an NBFC which carries the business of acquisition of shares and securities while satisfying the following conditions:-<\/p>\n\n\n\n
- It possesses not less than 90% of its total assets as an investment in equity shares, debt or loans, preference shares in group companies;<\/li>
- Its investments in the equity shares (including instruments imperatively convertible into equity shares within a period not surpassing 10 years from the date of issue) in group companies constitutes at least 60% of its total assets;<\/li>
- It doesn’t trade in its investments in shares, debt or loans in group companies except through block sale for dilution or disinvestment;<\/li>
- It doesn’t carry on any other financial activity referred to in Section 45I(c) and 45I(f) of the RBI act, 1934 except investment in bank deposits, money market instruments, government securities, loans to and investments in debt issuances of group companies or guarantees issued in favour of group companies.<\/li>
- Its asset size is Rs.100 crores or high, and<\/li>
- It takes public funds.<\/li><\/ul>\n\n\n\n
6. Infrastructure Debt Fund: Non- Banking Financial Company (IDF-NBFC): <\/strong><\/p>\n\n\n\nIDF-NBFC is an NBFC which facilitates the flow of long term debt into infrastructure projects. Moreover, it raises resources through issue of Rupee or Dollar-denominated bonds of minimum 5-year maturity. Only Infrastructure Finance Companies (IFC) have the authority to IDF-NBFCs.<\/p>\n\n\n\n