The NHAI has allowed IDFC to pick up a 74 per cent stake in the Delhi-Gurgaon expressway project from its original promoters. Following the acquisition of this controlling stake, IDFC, which is the leading lender to the project, is expected to manage the project efficiently to recover its investment and that of the other financial institutions.
More than 400 business enterprises, financial institutions and government have renewed their commitment in supporting India achieve national climate plans to deliver access to sustainable energy and drive India’s low carbon transition at this year’s India Energy Access Summit.
Recovery is on top of the agenda of Public Sector Banks (PSBs), Vinod Rai, Chairman, Banks Board Bureau has reportedly said. The consolidation process among PSBs can happen over a period of time. This is done so that the lending process can restart.