The government is expected to clear a financial restructuring package for IFCI, which is likely to include taking over the statutory liquidity ratio (SLR) and foreign currency liabilities of Rs 2,442 crore.
The package is likely to provide fresh guarantees to a consortium of banks to raise external commercial borrowings and also roll over SLR liabilities of public sector banks and financial institutions for 10 years maturity at current rates of 7 per cent.
In addition, IFCI has proposed that the government bear the difference between the existing rate of interest
