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New Delhi, July 8 (IANS) Larsen and Toubro Infrastructure Finance Company (L&T Infra) Thursday said the Reserve Bank of India (RBI) has accorded it the status of a 'infrastructure finance company'.This will help L&T Infra, a subsidiary of engineering and construction major Larsen and Toubro (L&T), to mobilise funds at cheaper rates and provide more flexibility in its lending to infrastructure projects.'Larsen & Toubro Infrastructure Finance Company has received the status of 'infrastructure finance company' from the Reserve Bank of India within the overall classification of non-banking finance company (NBFC),' said the company in a regulatory statement.The RBI has carved out a separate segment for financing of infrastructure projects from the NBFC group to remove the lending limits applicable to the latter type of institutions.
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