Banking secy advises IIFCL to diversify portfolio, focus on asset quality
This story was originally published at 20:12 IST on 19 May 2025
Register to read our real-time news.Informist, Monday, May 19, 2025
NEW DELHI - Department of Financial Services Secretary M. Nagaraju Monday chaired a review meeting with India Infrastructure Finance Co. Ltd., where he advised the company to diversify its portfolio.
"Secretary, DFS (Department of Financial Services) advised that the IIFCL should focus on diversification of its portfolio across various sub-sectors of infrastructure segment and continue to ensure the asset quality of its portfolio," the department said in a post on social media platform X, formerly Twitter. IIFCL Managing Director P.R. Jaishankar also attended the meeting.
IIFCL earlier this month reported a net profit of INR 21.65 billion for 2024-25 (Apr-Mar), up 39% on year. The company's disbursements in FY25 were INR 285 billion, while sanctions were at INR 511.24 billion.
Jaishankar has previously said that IIFCL will focus on lending to the infrastructure sector, and also broaden its presence in allied sectors, including affordable housing. "We are interested in foraying into the affordable housing sector with projects in the private-public partnership mode," the MD had said at a press conference on May. 8. End
Reported by Shubham Rana
Edited by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
