Indian Railway Finance Corporation Limited
IRFC was incorporated as a financing arm of Indian Railways, for the purpose of raising a part of the resources necessary for meeting the developmental needs of the Indian Railways. Its 100% shareholding is held by Government of India as on September 30, 2012. It is classified as a Public Financial Institution under Section 4A of the Companies Act, 1956 and as a NBFC-ND and classified as an Infrastructure Finance Company by the RBI. As of September 30, 2012, IRFC does not have any non performing assets. The vast majority of assets of the Company consists of railway rolling stock and lease receivables in respect of rolling stock. The company’s net worth is of Rs 5,699.79 crores as on September 30, 2012.
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