IFCI gets favourable verdict in sale of assets of Blue Coast Hotels to ITC. In an interview with CNBC-TV18, V Satya Venkat Rao, Executive Director of IFCI spoke about the latest happenings in his company and sector.
IFCI will sell its entire 26 percent stake in Transport Finance Corporation of India Ltd (TFCI). In an interview to CNBC-TV18, BN Nayak, CFO & ED of IFCI shared his readings and outlook on the same.
In an interview to CNBC-TV18, PV Ramesh, CMD of REC spoke about the latest happenings in the company and in the sector.
In an interview to CNBC-TV18, Satpal Arora, MD of TFCI spoke about the latest happenings in the company.
NSE is all set to come out with its Rs 10,000 crore IPO and IFCI which holds 3.05 percent stake is in focus. Sanjeev Kaushik of IFCI, speaking to CNBC-TV18, said that boad has taken a decision to offload 25 percent of its direct holding in NSE.
IFCI will offload 0.5 percent stake by June 30 and expects the overall sale to fetch it around RS 700-900 crore, says Malay Mukherjee, CEO & MD of IFCI, in an interview to CNBC-TV18.
IFCI Ltd Wednesday informed BSE that it has made partial disinvestment to the extent of 1.5% of its stake in NSE
The Union Cabinet yesterday approved infusion of Rs 60 crore in Industrial Finance Corporation of India (IFCI) Ltd to make it a government company by way of acquisition of preference shares from existing shareholder(s).
SK Sangar, managing director, Tourism Finance Corporation of India says the company has disbursed loans worth Rs 237 crore in H1FY15 .
Malay Mukherjee, MD & CEO, IFCI says NPA norms for the company, which is a non-banking financial company, are different â€“ 180 days versus 90 days for banks. The company has an exposure to Ratnagiri Gas, which amounts to Rs 400 crore.
Speaking to CNBC-TV18, MD & CEO SB Nayar says: "If and when they (corporates) apply for restructuring, I would like to be a part of that and also get the same advantage which the banks get."
Non banking finance major IFCI is positive on bringing down its gross NPAs to around 20 percent by March 2014. Its CEO and MD, SB Nayar says that asset quality is likely to improve going forward.
Getting bank licence would add value to IFCI, but in any case it is not end of the world as the company has expertise in various fields. Of the recent assets that have turned NPA, some are related to the general stress in the economy. Most of them are backed by good securities and we aim to bring them out of NPA
IFCI CEO and Managing Director Atul Kumar Rai who has been earlier at loggerheads with the government over strategic control on the company today said that he had only seen media reports on government‘s plan to sale strategic stake and have not yet heard from the government on the matter.
In an interview with CNBC-TV18, Atul Kumar Rai, CEO & MD, IFCI said the government's intention of converting the company into a public sector unit (PSU) is very clear.
In an interview to CNBC-TV18, Atul Kumar Rai, chief executive officer and managing director of IFCI said, the company is not among any excluded category and is eligible for banking license.
Atul Kumar Rai, CEO & MD of IFCI in an interview with CNBC-TV18 spoke about the impact of higher interest rates on company's profitability.
In an interview with CNBC-TV18, Atul Kumar Rai, CEO & MD of IFCI spoke about the latest happenings in his company and the road ahead.