Quick Summary
Union Finance Minister Smt. Nirmala Sitharaman chairs 5th Meeting of Governing Council of National Investment and Infrastructure Fund (NIIF) Two Infra Non-Banking Financial Companies (NBFCs), with NIIF majority stakes, increased their combined loan book from ₹4,200 crore to ₹26,000 crore in 3 years without any non-performing loans (NPLs) Union Minister for Finance Corporate Affairs, Smt. Nirmala Sitharaman chaired the 5th meeting of the Governing Council (GC) of National Investment and In
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 011-411-70713
FAQ :
The 5th Meeting of the Governing Council of the National Investment and Infrastructure Fund (NIIF) was chaired by Union Finance Minister Smt. Nirmala Sitharaman.
Two infrastructure Non-Banking Financial Companies (NBFCs) with NIIF majority stakes increased their combined loan book from ₹4,200 crore to ₹26,000 crore in three years, with no non-performing loans.
An MoU between NIIFL and Japan Bank for International Development (JBIC) was recently signed on 9th November 2022, proposing NIIF's first bilateral fund, the 'India Japan Fund'.
The Governing Council guided NIIF to proactively undertake advisory activities to assist central and state governments in developing a pipeline of investible Public-Private Partnership (PPP) projects.
NIIF operating companies have made investments and shown performance in sectors such as ports and logistics, renewable energy, digital infrastructure, waste management, water treatment, healthcare, and EV manufacturing.
The meeting provided an update on the three funds currently managed by NIIFL: the Master Fund, the Fund of Funds (FoF), and the Strategic Opportunities Fund (SoF).
CAclubindia
