Have disbursement target of Rs 600 cr for this year: TFCI

The net interest of margins of Tourism Finance Corporation of India (TFCI) have improved to 3.64 percent in the June quarter this fiscal. In an interview to CNBC-TV18, Satpal Arora, MD of the company, said the company has a disbursement target of Rs 600 crore for this year. The company has 7 sub-standard accounts, which have a total value of Rs 139 crore. Of this, two will recover in this quarter and remaining five will have to be restructured, he said. Also, there are no write-off and all its loans were fully secured in the hotel industry, Arora added. Watch video for more