Ex-PNB chief appointed head of IIFCL
New Delhi: SS Kohli, the former chairman and managing director of Punjab National Bank has been appointed the first chairman and managing director of India Infrastructure Finance Company Ltd (IIFCL).

IIFCL was incorporated on January 5, 2006 with a paid up capital of Rs10 crore and an authorised capital of Rs1,000 crore to fill the gap for long term infrastructure finance that banks are not in a position to address, owing to concerns relating to mismatches in assets and liabilities. IIFCL's borrowing limit had been fixed at Rs10,000 crore for 2005-06.
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