TFC has made provisions for Rs 20 crore: MD

Speaking to CNBC-TV18 Satpal Arora, MD of Tourism Finance Corp said they have made provisions for Rs 20 crore. Their net non performing assets constitute 6.5 percent. Disbursements are lower, but will pick up, he said, expressing hope. In the first six months of this fiscal year, they made disbursements of Rs 185 crore.

Net interest margin is lower at 3.09 percent as two of their accounts turned NPAs.Watch accompanying video for more details...