IL&FS Infrastructure Debt Fund to purchase infra loans from 8 banks [June 2013]

Infrastructure
IL&FS Infra Asset Management Ltd. (IAML), an asset management company promoted by IL&FS Financial Services Ltd. (IFIN) to manage the IL&FS Infrastructure Debt Fund (IIDF), signed a MoU with eight public sector banks (Allahabad Bank, Bank of India, Canara Bank, Central Bank of India, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce and UCO Bank) for acquisition of infrastructure loans. The signing ceremony was attended by Dr Arvind Mayaram, Secretary – Economic Affairs and Rajiv Takru, Secretary – Banking apart from senior dignitaries of LIC, IL&FS and banks.

1