Indian Railway Finance Corporation Ltd Share Price

Summary

Indian Railway Finance Corporation Limited was incorporated on December 12, 1986 as a Public Limited Company. Thereafter, The Company received a Certificate of Commencement of Business from the RoC on December 23, 1986. The MCA, through its notification dated October 8, 1993, classified the Company as a Public Financial Institution and subsequently, Company was registered with RBI to carry on the business of a non-banking financial institution, pursuant to a certificate of registration dated February 16, 1998. Dated March 17, 2008, RBI classified Company as a non-deposit accepting asset finance non-banking financial company.IRFC is a Miniratna I and Schedule A Public Sector Enterprise under the administrative control of the Ministry of Railways, Govt. of India. It is also registered as Systemically Important Non-Deposit taking Non-Banking Financial Company (NBFC - ND-SI) and Infrastructure Finance Company (NBFCIFC) with Reserve Bank of India (RBI). In more than 30 years of existence, IRFC has played a significant role in supporting the expansion of the Indian Railways and related entities by financing a significant proportion of its annual plan outlay.IRFC a Government of India undertaking under the Ministry of Railways, plays a significant role in funding the Indian Railways. Their main business is leasing of rolling stock assets, railway infrastructure assets and lending to other entities. The MoR is responsible for procurement of Rolling Stock Assets and for improvement, e
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