Indian Railway Finance Corporation

IRFC's full form shows Indian Railway Finance Corporation finances the Indian Railway. Capital markets and other debts fund expansion and running. The Ministry of Railways operates Indian Railways (IR). Indian Railway conducts more than 20,000 passenger trains daily from 7,349 stations. The seven-member Indian Railways Board reports to the Ministry of Railways. Railway Board is the railway ministry.

Indian Railway Finance Corporation shows the full form of IRFC in the railway department. IRFC wants to become a renowned financial services business dedicated to expanding the rail transport sector while maintaining a symbiotic connection with the Railway Ministry. The company intends to be the premier capital market fund-raiser. Such funds are obtained competitively to perform all necessary railway plan revisions to maximize profits.

IRFC entities

IRFC full form, represents Indian Railway Finance Corporation in lending to the following entities:

  • IRFC also attempts to grow its borrowing portfolio regarding current markets, instruments, and investors. It is helped the company to reach its
  • planned borrowings every financial year.
  • Railtel
  • Rail Vikas Nigam Limited
  • Pipavav Railway Corporation Limited
  • Konkan Railway Corporation Limited

IRFC goals

IRFC's goals are:

  • Mobilizing resources through domestic or foreign market borrowings. Ensuring appropriate and competitive borrowing rates align with the Ministry of Railways' annual targets.
  • Explore inventive strategies to raise revenue to lower the organization's borrowing costs.
  • They are facilitating the timely funding of Rolling Stock acquisitions.
  • It provides a growing customer base with specialized services at a fair price. It's done by exploiting the company's big scale, which is an advantage.
  • Exploring all financial options for organizations that seek to improve the existing rail system and explore new prospects. This ensures long-term profit and growth.
  • We are using derivatives and other developing products to minimize risks at the proper timing and cost.
  • Providing premium services to lenders, investors, and financial intermediaries and quickly addressing their problems/grievances.
  • To maximize resource use while minimizing waste.
  • Train all corporate personnel to improve their knowledge and professionalism.

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BY Best Interview Question ON 09 Dec 2022