Infrastructure Debt Funds mobilise long-term institutional capital via securitised debt to catalyse infrastructure investment and bond market development.
The IDF scheme launched by IIFCL Mutual Fund seeks to mobilise long term institutional capital from insurance and pension sectors to invest in debt securities and securitised debt instruments of infrastructure projects, SPVs, bank loans and infrastructure companies, with objectives of capital appreciation, bond market development and addressing banks' Asset Liability Mismatch. The fund is managed by an AMC promoted by IIFCL with strategic participation from public sector banks, financial institutions and HUDCO, and operates under regulatory frameworks for the Mutual Fund and NBFC routes.

KYC/AML non-compliance triggers regulatory monetary penalties and follow-up scrutiny under banking regulation enforcement powers nationwide.
Monetary penalties were imposed after on site scrutiny found violations of regulatory instructions, principally relating to KYC and AML norms, cheque payment safeguards, cash transaction reporting, source of fund verification for certain non resident accounts, failure to obtain required tax identification information, and deficiencies in risk categorisation and periodic account review; penalties followed issuance of show cause notices and consideration of banks' written and personal submissions.

Financial stability oversight: council reviews bank asset quality, capital adequacy and coordination for regulatory reforms.
The Financial Stability and Development Council reviewed banking asset quality and capital adequacy, considered Government and RBI initiatives to monitor credit quality, and assessed additional Basel III capital requirements. It noted enhanced inter-agency supervision through a regulators' Memorandum of Understanding, took note of FSLRC recommendations for phased examination and selective action, endorsed the National Strategy for Financial Education to advance financial inclusion, and urged expedited steps to develop the corporate bond market while expressing concern over rising gold imports.