Sunil Kakar

IDFC had to make a provision of Rs 2500 crore and reverse Rs 139 crore of interest income, towards stressed assets during the September quarter. Kakar says the provisions were not mandated by regulations, but were made as a prudent measure.

IDFC unveils logo for the bank, announces management team

Rajiv Lall will relinquish his position as the Chairman of IDFC Ltd and be the Executive Vice Chairman and Managing Director of the bank.

IDFC issues tax-saving infra bonds, eyes Rs 5K cr in FY12

Infrastructure Development Finance Company (IDFC) is aiming to raise Rs 5,000 crore through tax-free retail infrastructure bonds in 2011-12 in two tranches. The public issue for the first tranche opened for subscription on Monday with a face value of Rs 5,000 each offering an interest rate of 9% per annum.