ஸ்டாக் வைத்திருத்தல் கார்ப் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
NSE Says Waiting for SEBI Nod for its IPO
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Demat, Trading Accounts With Pending KYC Will be Deactivated from 31st July
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Government plans to sell two IFCI subsidiaries: Report
Established in 1948 as a statutory corporation, IFCI currently has subsidiaries and one associate under its fold.
(Image: Twitter @IFCI LTD)
The government is planning to sell subsidiaries of IFCI to infuse money into the non-banking lender. FCI has been riddled with soured assets. Its net non-performing assets-to-advances ratio was 42.7 percent as of March, against 31.8 percent a year ago, according to the lender s annual report.
The government is not keen on infusing funds into IFCI, and plans to unlock value created by its subsidiaries Stock Holding Corporation of India and IFCI Infrastructure Development, Business Standard reported, citing a senior government official.