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Core lending![[Details]](/icons/bullet.gif){kind=icon} The current debate over whether infrastructure financing by banks should be part of the direct lending programme seems to smack of regression at a time when controls over banks are gradually being dismantled. But the point is that priority sector lending still does exist and will continue to do so for quite some time.
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Finance firms undergoing transformation? The takeover of ITC Classic by the Industrial Credit and Investment Corporation of India (ICICI) is part of the structural change and consolidation taking place in the non-banking financial sector. With an astounding 45,000 non-banking financial companies (NBFCs) -- 779 of them registered with the Reserve Bank of India (RBI) -- a shakeout is inevitable.
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Bureaucracy hampers Air India's quest for success Recently, Air India had decided to raise Rs 150 crore debt to meet its working capital requirement. A re-tendering for the sale of a Boeing 747-200 aircraft is to be effected. Earlier tenders have been rejected because of the low bid price of $18.5 million. In all, the airline is planning to sell three aircraft -- which are more than 15 years old.
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Finance firms undergoing transformation?
The Index -- Higher interest rates Bureaucracy hampers Air India's quest for success
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The Group
