HUDCO gets an NBFC-IFC registration certificate from RBI

Reserve Bank of India (RBI) has issued a certificate of registration as an NBFC—IFC to the HUDCO. The state-owned housing finance company provides financial assistance for various residential and urban infrastructure projects. The IFC status allows HUDCO to have higher exposure limits for financing in various infrastructure sectors in addition to housing. Speaking on the occasion, Sanjay Kulshreshtha, CMD, HUDCO, said that with the NBFC-IFC, the Company will be able to provide financial support to infrastructure projects with diverse dimensions. He expressed HUDCO's commitment to enhance development and improve the lives of millions of people through asset financing for a 'developed India'.