Aashish Tater of Fortunewizard.com feels IFCI will get the banking license by either merging with LIC Housing or Tourism Finance. Indian Overseas Bank will be able to raise USD 500 mn through ECB for five and half years for expansions abroad, besides government money at Rs 78.56 coming in July, thus strengthening its balance sheet.
first published: Aug 8, 2013 10:38 am
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