Business Standard

Ifci Pares Loss 41% In Q2

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Our Economy Bureau BUSINESS STANDARD

IFCI Ltd today reported a 41.45 per cent decrease in net loss to Rs 242.19 during the second quarter of the current financial year against Rs 413.69 crore in the corresponding period last year on account of lower provisioning for sticky loans.

While the financial institution had provided Rs 225.95 crore during the three months ended September 2002 against 50.83 crore during July-September this year.

In addition, IFCI

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First Published: Nov 28 2002 | 12:00 AM IST

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