BOI has Rs 31,900 crore of loans filed under the NCLT as on March 2019.
With diversified business segments and unique growth drivers, the company stands to benefit from increased penetration of financials services
The address of the finance minister comes in the backdrop of the government's announcement of meeting current year's fiscal deficit target and sticking to the target of 3.5 percent.
The government plans to hike the recapitalizing funds for the public sector banks. Hike in loan rebate, 100 percent FDI for asset reconstruction companies (ARCs) via the automatic route and sticking to fiscal deficit target of 3.5 percent are also on the cards, say sources.