Financial Daily from THE HINDU group of publications
Tuesday, Jan 04, 2005
Financial Daily from THE HINDU group of publications Tuesday, Jan 04, 2005 |
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Money & Banking
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Financial Institutions IFC loan sanctions at $235 m in 2004 M. Ramesh
Chennai , Jan. 3 INTERNATIONAL Finance Corporation (IFC), Washington, the private sector funding arm of the World Bank,) committed $235 million (around Rs 1,035 crore) to various projects in India in the calendar year 2004. This, however, was lower than over $560 million commitment made in 2003. IFC had sanctioned $200 million to HDFC alone. Tala Transmissions ($62 million), L&T ($50 million), Sundaram Finance ($45 million), AD Hydro Power ($45 million) and Cairn Energy ($40 million) were the other large borrowers in 2003.
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