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IDFC to make additional provisioning of Rs 2,500 cr, will impact net

"Given that we will be transitioning to a bank by the end of second quarter of 2015-16 with no visible solution for these assets, we believe it is prudent for us to make incremental provisions against known risks," IDFC said in a BSE filing.

Come summers get ready to brave power cuts

The power ministry has fallen 8,000mw short of the 11th plan target — ending March 31 — of an additional capacity of 62,000 mw due to the fuel shortages.