Vide Letter dated 25 June 2018
Industrial Investment Trust (IITL) announced vide its Letter dated 25 June 2018 that Reserve Bank of India (RBI) has prohibited the Company not to expand its credit / investment portfolio other than investment in Government Securities till net NPAs are brought down to below 5%. Besides, the Board in their meeting discussed on the issues raised by RBI and have formed an action plan for the same.Powered by Capital Market - Live News
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