India is restructuring IFCI Ltd, halting its lending operations due to capital limitations. The government-owned non-bank lender will transition into an infrastructure advisory firm, focusing on evaluations for state and green projects. A capital infusion of 5 billion rupees is planned to prevent defaults, alongside asset monetization and office space rentals.
from Banking/Finance-Industry-Economic Times https://ift.tt/rRpKXy2
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