Rules for Infrastructure Debt Fund-General Economics & Indian Economy
Q. Consider the following statements
1. RBI allowed Infrastructure Debt Fund-Non-Banking Financial Companies to invest in public-private partnerships (PPPs) and infrastructure projects which have completed at least one year of satisfactory commercial operation.
2. The maximum exposure that an IDF-NBFC can take on individual projects will be at 50 percent of its total capital funds.
3. An additional exposure up to 10 percent could be taken at the discretion of the board of the IDF-NBFC.
Which of the above statements are correct? - Published on 06 May 15a. 1,2
b. 1,3
c. 2,3
d. All
ANSWER: All
The RBI could permit additional exposure up to 15 percent (over 60 percent) subject to such conditions as it may deem fit to impose regarding additional prudential safeguards.
