IFCI aims to mobilise up to Rs 2,000 crore
Sunday, July 21, 2019, 3:44 PM
The country's oldest public sector financial institution IFCI expects to mobilise Rs 1,500-2,000 crore from sale of non-core assets, including its stake in the National Stock Exchange (NSE), during the current fiscal to fund business growth, a top company official said. Besides, the company is looking at recovery of bad loans under the Insolvency and Bankruptcy Code.
IFCI hopes to recover Rs 2,000 crore from NPA resolution
Sunday, June 17, 2018, 11:25 AM
Saddled with bad loans, the country's oldest financial institution IFCI expects to recover about Rs 2,000 crore from the resolution of non-performing assets (NPAs) during the current fiscal. The state-owned term lender has also lined up some of its non-core fixed assets including commercial real estate for sale in 2018-19 provided they fetch good value, IFCI Managing Director E S Rao said.