Dpc & #8217;S Domestic Lenders Ready To Cut Interest Rates

In a last-ditch attempt to save the controversial $3 billion Dabhol power project in Maharashtra, Indian lenders led by the Industrial Development Bank of India (IDBI) are readying for a drastic cut in interest rates. They may also buy out the loans of foreign lenders which account for about one-third of the total loan book. The domestic lenders met in Mumbai today to take stock of the situation while the foreign lenders