Indian Renewable Energy Development Agency gets 'Infrastructure Finance Company' status from RBI

New Delhi [India], March 14 (ANI): The Reserve Bank of India (RBI) on Sunday granted an 'Infrastructure Finance Company (IFC)' status to Indian Renewable Energy Development Agency (IREDA). It was earlier classified as an 'Investment and Credit Company (ICC)', as per an official release.

With the IFC status, IREDA can now take higher exposure in RE financing. The IFC status will also help the company access a wider investo