Ifci Flirts With The Idea Of Wooing A Strategic Partner

Even as the finance ministry has asked financial institution IFCI Ltd to submit a report on the proposed merger with Industrial Development Bank of India (IDBI), the cash-strapped instituion is pushing a case for roping in a strategic partner.

Roping in of a strategic partner, however, hinges on a number of other issues including a better capital adequacy ratio, sources pointed out.

IFCI executives said that the institution