FCI raises Rs 20k cr bank loan for working capital

Tags: News
Facing liquidity crunch, the Food Corporation of India (FCI) has raised short term loan of Rs 20,000 crore from around 20 banks to meet funding requirements for procurement and distribution of foodgrains.

State-run FCI had floated a tender on April 24 inviting bids for short term loan. The tender closed on April 30.

According to sources, FCI has raised Rs 20,000 crore short term loans to meet its working capital requirements.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Banks might be bracing for intense rate war for retail loans

    While select small banks have been slashing their deposit rates by five to 10 basis points over the past few weeks for short term adjustments to avoid

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: Intertemporal choices

Intertemporal choice is the study of the relative value people ...

Parvez Imam

Why we all have blood on our hands

What does the Jammu and Kashmir flood make us think? ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture