IFCI

News

IFCI NEWS

The CBI claimed that the pledged jewels and diamonds were of lab-grown, chemical vapour diamonds of very low and inferior quality, even though the valuation reports showed an inflated and false value, based on which the loan was given.

IFCI cheating case: Mumbai court says valuer abetted Mehul Choksi in giving inflated value of jewellery

August 18, 2024 10:05 pm

An FIR was registered by the CBI in 2022 against Gitanjali Gems, Choksi and others, allegedly for cheating Industrial Finance Corporation of India (IFCI), claiming that a loan of Rs 25 crore was taken from IFCI on pledging of valuables like gold and diamond jewellery.

IFCI mops up Rs 806 crore by selling stake in NSE so far

December 24, 2019 3:29 pm

Earlier this month, the long-term infrastructure lender had informed exchanges about disinvestment of IFCI's entire stake in the NSE comprising 1,20,66,871 shares, which is 2.44 per cent of the total equity shares of the NSE.

CAD worsens to 2.9% in September quarter on higher trade deficit

SBI, IFCI, United Bank look for buyers to clear off several NPA accounts

March 08, 2018 1:47 am

SBI has proposed to sell a total of 15 NPA accounts to recover Rs 988.95 crore.

Cabinet clears hiking stake in IFCI to 51% by infusing R60 cr

December 30, 2014 2:00 am

Also clears proposal to enable AAI to lease land to ICG, India Navy.

IFCI: No benefit in becoming a bank

July 04, 2014 1:35 am

IFCI will have to expand massively by over leveraging itself and sequester funds for priority sector lending if it were to get a bank license.

IFCI net surges 87%; to seek FinMin nod on R5,000 crore tax-free bonds

February 11, 2014 3:46 am

In December 2012, the financial institution became state-owned entity with government getting 55.53 per cent stake by conversion of optionally convertible bonds.