• UGI USER
  • May 16, 2024
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IIFCL TARGETS ZERO NET NPAS AND 18% GROWTH IN FY25

Why in the news?

  • India Infrastructure Finance Company Ltd (IIFCL) aims for 18% growth in FY25.
  • Targets to achieve zero net non-performing assets (NPAs) within the current financial year.
source:freshersnow

About Non-Performing Asset (NPA):

  • Definition: A loan overdue for 90+ days, affecting various loan types.
  • Impact: Reduces bank income, profitability, lending capacity, and increases loan defaults.
  • Types:
    • Sub-Standard Assets: NPAs for ≤12 months.
  • Doubtful Assets: NPAs for >12 months.
    • Loss Assets: Uncollectible, minimal recovery value left.
About the India Infrastructure Finance Company Limited (IIFCL):

  • Wholly-owned Government of India company since 2006.
  • Registered as NBFC-ND-IFC with RBI since September 2013.
  • Provides long-term finance for viable Greenfield and Brownfield infrastructure projects.
  • Offers refinance to banks for infrastructure loans.
  • Sectors include transportation, energy, water, sanitation, communication, social, and commercial infrastructure.