RBI allows IDF to raise resources through bonds and commercial papers
Q. RBI has allowed IDF to raise resources through bonds as well as commercial papers of less than 5 year maturity, what is IDF?- Published on 22 Apr 16a. International Debt Fund
b. India Debt Fund
c. Infrastructure Debt Fund
d. Internal Debt Fund
ANSWER: Infrastructure Debt Fund
RBI has allowed infrastructure Debt Fund to raise resources through bonds and commercial papers of less than 5 year maturity. Currently, IDF-NBFC was created for raising funds for primarily fund infrastructure projects. RBI has capped the average exposure limit for IDF-NBFC at 50 percent and maximum at 75% of the total capital fund apart from limits on issuance to only PPPs successfully operational at least for a year.
