Incorporated in 1986, Indian Railway Finance Corporation borrows funds from the financial markets to finance the acquisition / creation of assets which are then leased out to the Indian Railways as finance lease
Indian Railway Finance Corporation (IRFC) has seen its long-term issuer credit rating upgraded by Japan Credit Rating Agency (JCR). The rating improved to 'A-' with a Stable outlook, up from its previous 'BBB+'. This upgrade reflects a strengthened credit assessment for IRFC.
IRFC has set September 30, 2026, as the record date for interest payment on various bond series. Bondholders whose names appear in the records by this date will be eligible to receive the interest due on October 15, 2026. This action clarifies eligibility for investors holding IRFC bonds.
IRFC has been fined Rs. 13.72 lakh each by NSE and BSE (totaling ~Rs. 27.45 lakh) for non-compliance with corporate governance norms for Q1 FY27. The issue stems from the composition of its Board and key committees (Audit, Nomination, Stakeholder Relationship, Risk Management), specifically a shortfall in independent directors, including...