Equities I Personal finance | Ex-ICICI Group I MDI Gurgaon I NIT Kurukshetra
Nov 24, 2022 • 16 tweets • 5 min read
A thread on IRFC.
You may find something which you have not seen elsewhere.
(1/n)
As per agreement with Ministry of railways (MoR), IRFC is allowed to charge 0.35%/0.40% over its cost of funds.
#irfc
(2/n)
Cost of Fund includes hedging costs also. Any gain/(loss) on unhedged portion is also pass through and included in the CoF for charging to MoR.
IRFC’s margin is protected at 0/35%/0.40%. neither more nor less is allowed by MoR.