<h1>India Infrastructure Finance Company Ltd. Now Under RBI Oversight, Capital Increased to Boost Financial Sustainability.</h1> The Union Cabinet approved bringing India Infrastructure Finance Company Ltd. (IIFCL) under the Reserve Bank of India's regulatory oversight, classifying it as a Non-Banking Finance Company Infrastructure Finance Company (NBFC-IFC). The move aims to enhance IIFCL's professional capability and increase its authorized capital from Rs. 2000 crore to Rs. 5000 crore, with potential further increase to Rs. 8000 crore pending Finance Minister approval. The Board of IIFCL will be expanded to include experts in accounting, audit, and risk management. This decision follows recommendations from the Economic Advisory Council to improve IIFCL's systemic significance and financial sustainability.