IFCI keen to enter banking

Like its erstwhile peers ICICI and IDBI, the country’s oldest financial institution, IFCI, is keen to enter the banking sector and is waiting for an opportunity to take the plunge. “We are obviously well poised (to enter banking sector).

We are a 60 year-old organisation. People know who we are what kind of business we do. We also have capital to take this call,” IFCI Managing Director and CEO Atul K Rai said. “Like IDBI and ICICI were given a licence, give us also a licence because we were also like them. Give us licence and allow us to build the business.