BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
Indian Railway Finance Corporation (registered as non-banking finance company) is wholly owned by the Government of India and administered through the Ministry of Railways.
IRFC is a market borrowing arm of Indian railways and is primarily in the business of leasing operations and financing of project assets.
In FY20, asset under management of IRFC grew by 32.4% YoY and disbursement by 35.9% YoY.
IRFC saw a strong growth during FY20, net interest income grew at 16.2% versus 9.2% in FY19, pre-provision operating profit by 14.8% versus 9.9% in FY19, profit after tax saw a strong growth of 49.2% versus 6.9% in FY19 as it is not required to pay minimum alternate tax.
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