Indian government to revamp infrastructure lender IFCI
IFCI, launched in 1949 soon after the country's independence, was asked to stop fresh lending in 2021-22 after bad loans soared, depleting the lender's capital and liquidity. Indian government owns nearly 72% of IFCI.
IFCI, launched in 1949 soon after the country's independence, was asked to stop fresh lending in 2021-22 after bad loans soared, depleting the lender's capital and liquidity. Indian government owns nearly 72% of IFCI.
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