Business Standard

IFCI pitches for Bank deal

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P Vaidyanathan Iyer New Delhi

IFCI Ltd is pushing hard for a deal with International Financial Corporation (IFC), the the World Bank arm, as a strategic investor in the former with adequate representation on the board.

The Delhi-based institution also proposes to take over a small bank in due course.

While the proposal is being discussed with IFC executives, VP Singh, IFCI

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First Published: Sep 24 2003 | 12:00 AM IST

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