Srei Infra Finance raises lending rate by 0.75%

KOLKATA: Srei Infrastructure Finance Limited today announced a hike in its benchmark lending rate by 75 points from 16 per cent to 16.75 per cent.

Chairman and managing director Hemant Kanoria in a statement said the prevailing trend of rising interest rates in the market has necessitate this hike.

Meanwhile, Kanoria indicated that they were planning for a dedicated fund with foreign investors between USD 500 million and USD 1 billion for investment in infrastructure sector.

He, however did not elaborate more on this fund.