The Indian Railway Finance Corporation (IRFC) is facing financial headwinds, with its loan agreement stalling on a potential takeover. The Reserve Bank of India's default mechanism has been invoked.

1 report, 1 independent Updated Jun 23

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Indian Railway Finance Corporation Telangana Reserve Bank of India

How it developed

Newest first. Tap a step to see who reported it.

Jun 24RBI's special swap facility was utilized to enable bond issuance for Power Finance Corporation, which is facing financial headwinds.Sub-event
Jun 23IRFC loan agreement stalled on takeover; RBI mechanism invoked in case of default.1 source
- deccanchronicle.com

Keep exploring

Part of

The government is selling a stake in the Indian Railway Finance Corporation (IRFC), which operates as a Navratna under the Ministry of Railways. All 1 developments

The entities involved

Indian Railway Finance Corporation
Railway financing company of India

Nothing else this week.
Telangana
state in southern India
- Counterfeit vaccine manufactured in Telangana was seized in Delhi.Mon 14:58
- Power corporation in Telangana seeks central government intervention to secure necessary coal supply.Mon 14:55
Reserve Bank of India
central bank of India
- RBI monitors challenges from crude oil prices and concerns over inflation and slowing growth.Mon 13:28
- Nomura advises on potential shifts in Reserve Bank of India policy amid changes in the global economic outlook.Mon 13:10

Coverage

Newest first; wire copies grouped

Jun 23deccanchronicle.com