Industrial Finance Corporation of India expects resolution of NPA cases worth Rs 8,000 cr during this fiscal
As many as seven cases were resolved through the National Company Law Tribunal (NCLT) and payment has been received in Bhushan Steel, Basai Steel & Power Limited and Monnet Ispat cases, he said.
IFCI last week increased its short-term benchmark lending rate from 9.10 per cent to 9.20 per cent while benchmark lending rate for long-term loans was hiked by 0.2 per cent to 10.60 per cent with monthly rests,Image source:Officialwebsite